China’s industrial production weakened in July, in a challenge for policymakers relying on the sector to help drive growth and offset a property slowdown weighing on the world’s second-largest economy. Industrial production rose 5.1 per…
PROPERTY
China Plans Marriage Law to Stop Population Free Fall
The draft legislation would remove a longstanding restriction to boost the number of marriages, which have been trending downward for a decade.
China’s property market shows signs of warming despite price drop
Thanks to the series of favorable policies, major Chinese cities are showing more signs of a warming housing market. From January to July, the sales area of newly built commercial housing decreased by 18.6 percent…
China’s steel industry in trouble as property market woes hit demand
Areas like consumer appliances and shipbuilding are expanding but are relatively too small to offset the impact of the property market on China’s economy.(Vivek Prakash/Bloomberg) China’s steel …
China’s 48 Million Unbuilt Homes Threaten to Prolong Crisis
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from …
China Has Sold at Least 48 Million Homes That Aren’t Even Built
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from Bloomberg …
China Economy Is Plodding Along in Absence of Consumption Spark
China’s economy probably failed to turn the corner on its worst stretch in five quarters, with an uneven recovery in July held back by consumer spending still lagging industrial activity and …
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump
Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
Labor Strikes Surge in China’s Property and Manufacturing Sectors Amid Economic Slowdown
Labor strikes in Chinas property and manufacturing sectors have surged as the countrys economic growth slows. According to the China Labor Bulletin, strikes increased by 3% in the first half of 2024, …
Shanghai’s wealthy upgrade to new luxury homes despite property market downtrend
Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations. The city saw 1,544 luxury homes sold …
Strikes hit China’s property, manufacturing sectors as growth slows
TOKYO — Labor disputes in China’s property and manufacturing sectors have surged as economic growth decelerates, underlining blue-collar workers’ concerns over the country’s social safety net. Unrest …
Kaisa, Times China prepare for new survival fight with creditors as winding-up cases resume
Troubles at Kaisa Group and Times China, which defaulted on US$15 billion of offshore debts, are in the spotlight again as the city’s High Court deliberates on hostile lawsuits from creditors.
Shanghai’s wealthy residents upgrade to premium homes, ignoring property market upheaval
Shanghai’s rich set expect prices of luxury homes in the city will continue to rise because of limited supply and the growth potential of the mainland’s financial hub.
