Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery in home sales.
PROPERTY
China’s Embattled Property Developer Evergrande Falls In Deeper Pit: Police Detains Wealth Management Staff
Following China Evergrande Group’s (OTCEM:EGRNF) inability to repay investors, Chinese authorities have taken certain employees from the company’s wealth management division into custody. This marks …
China real estate will pull out of slump in 2024-25: economist
Debt-related rules for big real estate developers should also be relaxed, said Zhang, principal researcher at the China Center for International Economic Exchanges, a state-aligned think tank.
China property woes weigh on EM stocks ahead of central bank-heavy week
Emerging market (EM) stocks fell on Monday in a glum start to a week packed with major central bank policy decisions, with Hong Kong’s benchmark index dragged down by prolonged malaise in China’s …
Nippon Paint targets China expansion despite property market slowdown
Nippon Paint’s co-president Yuichiro Wakatsuki said he remains “cautiously optimistic” about China despite investor concerns about the impact of the slowdown for the Japanese group, which makes 35 per cent of its revenues in the…
China’s economy shows some signs of stabilising but property slump threatens outlook
China’s factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising…
China’s Property Slump Takes Center Stage
Summary China’s economic performance has been extremely disappointing since the lifting of lockdowns late last year. While diverse, much of the financial stress and deepening economic weakness can be …
China to Avoid ‘Lehman Moment’ Despite Property Woes, Goldman Says
NEW YORK (Reuters) – The Chinese government’s support of banks hit by property woes will enable it to avert a financial crisis like the one in 2008 that was precipitated by the downfall of U.S.
Moody’s cuts China property sector’s outlook to negative
(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen sales despite …
China Property Crisis Another Blow To Global Travel
As a professor of marketing who specializes in consumer psychology, I’m interested in how China’s struggling real estate sector is dragging down consumer spending – and having an effect on tourist …
Column-Iron Ore Price Rallies on China Fundamentals, but Cap Looms: Russell
Iron ore futures traded in Singapore ended at $121.13 a metric ton on Wednesday, the highest since April 11 and up 17.4% from the recent low of $103.21 on Aug. 3.
Iron Ore Declines as Data Shows China Property Concerns Persist
Iron ore fell for the first time this week as a lull in China’s property sector persists, with fresh data showing a recent spurt in home sales in its capital losing momentum.
China policy actions lift property stocks and bonds while funds view sector as prime source of global credit event
An index tracking major mainland property stocks has risen 5 per cent this month, following a 13 per cent slump in August Global fund managers overseeing US$616 billion of assets rank China’s property …