With no clear sign of a stronger growth stimulus, China likely won’t reach its 5% annual growth target, economist Yingrui Wang says.
PROPERTY
China landlord tries to evict terminal cancer tenant, fearing death could reduce property value
A landlord in Beijing is facing immense criticism after he sent an eviction order to a tenant with late-stage cancer because he was worried that the property would lose value if she died there.
China Home Prices Drop Accelerates as Stimulus Effects Fade
China’s home prices fell at a slightly faster pace in August, underscoring the waning effect of the latest housing rescue plan.
China’s Industrial Output Growth Hits Five-Month Low, Raising Concerns Over 5% GDP Target
Chinas industrial production expanded at 4.5% in August, marking its slowest growth in five months. The data, released by the National Bureau of Statistics, has placed the countrys annual economic …
China new home prices fall at fastest pace in over 9 years in Aug
China’s new home prices fell at the fastest pace in more than nine years in August, official data showed on Saturday, as supportive measures failed to spur a meaningful recovery in the property sector …
Weak China factory output, retail sales add to urgency for stimulus
China’s industrial output growth slowed to a five-month low in August, while retail sales and new home prices weakened further, bolstering the case for aggressive stimulus …
China: New home prices drop in more than 95% of the country’s major cities
China’s National Bureau of Statistics said on Saturday that prices of new homes declined in August from the previous month in 67 of 70 major cities surveyed, or more than 95 percent of the total.
China gives auditing firm PwC a 6-month ban and fine over audit of collapsed property developer Evergrande
TAIPEI, Taiwan — China gives auditing firm PwC a 6-month ban and fine over audit of collapsed property developer Evergrande.
China real estate sector: Policymakers are focused on ‘risk containment,’ Goldman says
Kenneth Ho, head of Asia credit strategy research at Goldman Sachs, says “if there are government policies directed more towards cleaning up the excess inventory in the real estate sector, we think …
China Vanke’s bonds tumble as concerns for state-backed property firm mount
The dollar-denominated bonds of state-backed Chinese property giant China Vanke extended a run of sharp falls on Wednesday, as concerns continued to weigh about its fate amid an ongoing crisis of …
China has the savings to deal with property crisis, with no global spillover: economist
S&P Global Ratings global chief economist Paul Gruenwald says China is under no external or market pressure to deal with the property market.
China Junk Bonds Suffer Longest Slide in Year on Property Slump
China’s junk dollar bonds suffered seven straight days of declines, the longest such stretch since August 2023, after weak home sales data underscored the country’s deepening real estate slump.
China’s unworkable housing rescue math is prolonging the crisis
China’s central government urged more than 200 cities to buy unsold homes to ease oversupply. More than three months later, only 29 have heeded the call. Read more at The Business Times.
