Chen Peng wanted a home to attract a wife. Condo projects fraught with financial and legal battles made him wait nearly a decade.
PROPERTY
China unveils measures aimed at countering property market downturn
China rolled out a raft of measures on Tuesday aimed at countering a prolonged downturn in its property market.
China must ramp up housing rescue to boost growth, economists warn
Amid doubts over whether China can meet its lofty 5 per cent GDP target, analysts say Beijing needs “a complete change in mindset” to revive the ailing property market.
HSBC hit by sixfold surge in Hong Kong property loan defaults
HSBC’s exposure to defaulted commercial property loans in Hong Kong surged almost sixfold to more than $3bn in the first half of this year, underscoring the risks the UK bank faces from a slump in…
China’s Homeowners Are Outraged. The Property Market Is Still a Mess.
Apartment prices in China are expected to drop at least another 30% in major cities before stabilizing, one analyst says.
Mercedes’ China motor hits one of two roadblocks
Mercedes-Benz’s all-important China motor is sputtering. The $64 billion luxury carmaker warned of collapsing earnings and free cash flow this year, as a real estate bust in the People’s Republic …
China’s economic puzzle: Navigating new challenges
China is grappling with significant economic challenges, primarily due to a weakening real estate sector and a strategic pivot towards high-tech industries. President Xi Jinping’s focus …
China weighs removing major homebuying restrictions to boost demand
Authorities are also mulling fresh measures to shore up the sluggish stock market, the people added, without providing more specifics …
China holds key rates after Fed’s cut, but ‘modest’ easing may come later
China’s five-year loan prime loan remained unchanged even after the US Federal Reserve kicked off its rate-cutting cycle.
China’s Ray Dalio Troubles Are Only Just Beginning
When China lost even Ray Dalio, you know Asia’s biggest economy has got some serious troubles ahead.
China’s last-ditch attempt to revive housing sector may involve easing many strict ‘limitations’
The housing market downturn continues to weigh heavily on China’s economy, with real estate sales and prices continuing to slide in August despite a series of government measures aimed at stabilising …
China weighs removing major homebuying curbs to boost demand
The government may also end distinctions between first- and second-home purchases, paving the way for smaller down payments and lower mortgage rates on second residences, the people added.
Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus
Investing.com– Gold prices rose in Asian trade on Friday as the dollar fell following an outsized interest rate cut by the Federal Reserve, with markets cheering the prospect of further reductions in …
