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 …
PROPERTY
Outlook darkens for China’s already weak steel output: Russell
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 …
Chinese property developer Kaisa, bondholders agree to restructure offshore debt
Chinese property company Kaisa Group on Tuesday (Aug 20) announced an offshore debt restructuring agreement with a key group of bondholders, swapping existing debt into new notes and shares in the …
China’s housing may get extra help by July’s end as policymakers strive to reverse slump
More measures to revive China’s property sector and the economy are likely at this month’s Politburo meeting, after the third plenum pledged to overhaul the industry, according to analysts.
Zespri scores a victory in China against counterfeit use of brand property
The leading kiwifruit marketer in the world, Zespri scored a victory in its defense of the firm’s intellectual property rights in China.
China’s growth nightmare just washed up on the ASX
From BlueScope Steel to A2 Milk, China’s massive economic problems are starting to weigh on ASX earnings. And there are no easy fixes.
China lowers tax rate, but officials warn of larger tax bills
China residents approved a roughly $4.8 million budget in June, which represents a $370,000, or 9%, increase from the year prior. The town hasn’t reassessed its property and home values in “a couple …
VIDEO: How China’s property market crisis is hitting iron ore prices and the Australian economy
Bluescope Steel’s CEO Mark Vassella says the company and the wider domestic steel industry is at the bottom of the boom and bust cycle. Bluescope Steel’s CEO Mark Vassella says the company and the wider…
China’s property crisis deepens
China’s property black hole continues to suck life out of the economy, with nothing positive to report from July’s data from the embattled sector.
Plummeting iron ore prices on back of China’s property crisis could wipe $3b from federal budget
Plummeting iron ore prices on the back of China’s cooling property market could cost the federal government $3 billion in revenue and push the budget further into deficit this financial year.
China’s home-price slump deepens to new 9-year low despite stimulus
China’s new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the struggling property sector. The prolonged housing…
China’s Property Prices Plummet Amid Persistent Market Slump
New home prices across 70 major Chinese cities fell by 8% in July. The property market continues to struggle, with notable declines in three-tier cities. Government austerity measures have exacerbated the crisis,
China’s Property Prices Plummet Amid Persistent Market Slump
New home prices across 70 major Chinese cities fell by 8% in July. The property market continues to struggle, with notable declines in three-tier cities. Government austerity measures have exacerbated the crisis,
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