It also pledged to “effectively prevent debt defaults by real estate companies”. Read more at straitstimes.com.
PROPERTY
China Sets 2025 Growth Target at About 5% Despite Looming Trade Tensions
China has set an economic growth target of around 5% for 2025, unchanged from last year, despite mounting challenges from trade tensions, weak domestic demand and a prolonged property downturn.
China keeps its economic growth target at ‘around 5%’ for 2025
China is keeping its economic growth target at “around 5%” for 2025 despite a looming trade war with the United States and other headwinds. The target for GDP growth was announced Wednesday in a …
China’s deflation dilemma signals bigger troubles ahead for its stalling economy
China is experiencing deflation, or falling prices, that contrasts with inflationary pressures prevailing elsewhere in the world. Cheaper prices can be a blessing for some, but deflation is a symptom …
China’s wealthiest of the wealthy have a bigger share of the wealth pie, Hurun report says
The richest 130,000 families account for more of the elite’s collective fortunes, as Beijing tries to fire up growth.
China’s key property rescue tools are too hard to use to make an impact
Key tools China introduced last year to stabilise the property market are making very little impact, pressuring Beijing to find new solutions for the crisis-hit sector, which analysts say must involve …
China’s Shimao secures creditor backing for $11 billion offshore debt revamp
Chinese property developer Shimao Group has secured creditor backing to restructure about $11.04 billion in offshore debt, the latest such deal in the sector after years of liquidity troubles. Sunac …
China Developers Buy Land at Premiums After Housing Rules Eased
Chinese state-backed developers are starting to buy land at a premium again after the government eased limits on home prices to revive a slumping market that’s been a drag on the economy for more than…
China Developers Buy Land at 20% Premium in Bet on Market Bottom
Chinese state-backed developers are starting to buy land at a premium again after the government eased limits on home prices to revive a slumping market that’s been a drag on the economy for more than…
New World Development flags up to $875 million interim loss amid China’s property woes
(Reuters) -Hong Kong-based property developer New World Development said on Friday it expects to swing to a loss of up to HK$6.80 billion ($875.07 million) for the first half of fiscal 2025 on lower …
Analysis-China’s key property rescue tools are too hard to use to make an impact
Key tools China introduced last year to stabilise the property market are making very little impact, pressuring Beijing to find new solutions for the crisis-hit sector, which analysts say must involve …
China’s middle class feels the squeeze as property slump hits pocketbooks
China’s per-capita property income grew at its lowest rate for over a decade in 2024, trimming disposable incomes and limiting consumption.
China’s Real Estate Bust Leads Other Countries
China’s stimulus boom helped inflate global demand and real estate prices after the 2008 recession, but mean reversion has been in motion since 2020 and counting. Click to read.
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