Vanke is bracing for losses of between CNY7 billion (USD981.1 million) and CNY9 billion in the first six months due to the shrinking scale of real estate development, a narrowing gross margin as well …
PROPERTY
China Sino-Ocean’s offshore debt revamp plan gets 30% creditor support, sources say
A $5.64 billion offshore debt restructuring plan by China state-backed property developer Sino-Ocean Group’s has only got support from less than 30% of creditors, two sources with direct knowledge of …
China bans risky trusts from selling wealth products for LGFVs
CHINA told some trust companies to stop raising money from individuals to fund local government financing vehicles, according to people familiar with the matter, in its latest effort to curb growing financial risks.
China’s Real Estate Sector in Decline
This chart shows the operating profit and number of finished apartments of real estate developers in China (in billion Chinese Yuan).
Black Myth: Wukong – A Cultural Game Changer from China
Wukong’, a video game adaptation of the Ming dynasty epic ‘Journey to the West’, to promote Chinese culture globally. The game, featuring the mythological monkey king Sun Wukong, garnered huge popularity and is expected to…
Outlook darkens for China’s already weak steel output
China’s steel output slumped in July and is likely to continue to fall in coming months as mills struggle for profits amid sluggish demand and look to comply with government guidance that ensures annual production…
Check out China’s ‘Orange County’
About the community: China’s Orange County, developed by Beijing real estate mogul Zhang Bo in collaboration with Newport Beach architects and Orange County designers, is a gated community that mirrors Southern California’s suburban lifestyle.
BlueScope Steel warns a ‘large volume of steel’ is leaving China and flooding markets in Australia and overseas
A prolonged downturn in China’s property market will have significant flow-on effects for the Australian government’s finances and the local steel industry, economists warn.
China property
Losses in China’s property market are set to continue into the first half this year, after China Vanke raised an alarm last month. On average, earnings could decline by 19 per cent, broker CGS …
U.S. clinical trials in China questioned by U.S. lawmakers
A bipartisan group of lawmakers on Tuesday called on the Biden administration to ramp up scrutiny of U.S. clinical trials conducted in China, citing the risk of intellectual property theft and the …
Lawmakers Urge Stricter Scrutiny on U.S. Clinical Trials in China
A bipartisan group of U.S. lawmakers has called on the Biden administration to increase scrutiny of clinical trials conducted in China. They cite risks of intellectual property theft and forced …
Sunac China warns of $2 billion half-year loss on property market downturn
China’s property sector, a cornerstone of the country’s economy, has been in a rough spell since 2021 as a regulatory drive on developers using excessive leverage caused a liquidity crisis.
China May Let Local Governments Sell Bonds to Buy Homes
China is considering a new funding option for local governments to buy unsold homes after a series of rescue packages failed to prop up the market, according to people familiar with the matter.Most Re …
