China Fortune Land Development’s debt default in 2021 marked the beginning of the country’s property crisis. Read more at straitstimes.com.
PROPERTY
China Vows to Accelerate New Affordable-Housing Model
China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump.
Mystery Bond Buyer Clears China Developer’s Debt at 90% Discount
The source of the money is shrouded in mystery. But a major Chinese real estate developer appears to be trying a novel approach to resolving its debt: it is working with a buyer to purchase…
China to hasten work on redrawing model for real estate industry
China’s economic recovery is not strong enough and the government needs to implement macro policies more effectively, said the senior Communist Party official for financial and economic affairs on …
China to hasten work on redrawing model for real estate industry
China’s economic recovery is not strong enough and the government needs to implement macro policies more effectively, said the senior Communist Party official for financial and economic affairs on …
China vows to boost economic growth by balancing reform, national security
China’s ruling Communist Party concluded a highly anticipated party conclave Thursday, promising to boost economic growth through comprehensive reform while reiterating the importance of maintaining …
China vows to boost economic growth by balancing reform, national security
China’s ruling Communist Party concluded a highly anticipated party conclave Thursday, promising to boost economic growth through comprehensive reform while reiterating the importance of maintaining …
China developer Sino-Ocean announces $7.8 billion offshore debt revamp plan
Its problems are part of the debt crisis that has beset China’s beleaguered property sector. Read more at straitstimes.com.
In China, property rights take wrong turn
China’s economy, long an engine of world growth, has been sputtering lately. During the second quarter of 2024, it grew at an annual rate of 4.7%—down from an average 7% a year during the past…
China’s Third Plenum Planners Have Problems Beyond The Property Crisis
For years China’s local governments have spent freely to support growth. The debt loads they have accumulated now threaten the nation’s economic prospects.
Analysis-China tries to hit more birds with one stone in property rescue push
After Beijing ordered Chinese cities to buy newly-completed apartments and turn them into affordable housing, the first steps they took were to unveil plans to broaden eligibility for subsidies and …
China’s property investment drops 10.1% y/y in January-June
Property investment in China fell 10.1% in the first half of 2024 from a year earlier, matching a figure in January-May, suggesting the sector is still not out of the woods despite mounting policy support.
China blacklists six American firms
The Ministry of Foreign Affairs of China in a statement announced that Beijing has sanctioned six American companies active in the arms industry and several of their executives.
