China’s economic growth likely fell fractionally short of the government’s five percent target last year, according to an AFP survey, as leaders head into 2025 steeling for the second presidency of Donald Trump amid fears…
PROPERTY
China posts record $992 bil. trade surplus in 2024
China’s trade surplus hit a record high in 2024 with exports leading the country’s economy. Customs authorities say the surplus came to 992.1 billion dollars.
Zambia’s SEC sanctions Standard Chartered over China property bond mis-selling, source says
Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the …
China needs to trim housing glut as priority to repair confidence, analysts say
China’s beleaguered housing market is likely to endure another chastening year as some analysts forecast home prices to weaken further in 2025, after a mixed bag of results from various attempts to …
China’s Local Governments Settle Overdue Bills With Apartments, Not Cash
In recent years, Chinese property developers have used unsold apartments to settle debts to construction companies and furniture suppliers. Now, Chinese local governments are following suit.
Exclusive-Zambia’s SEC sanctions Standard Chartered over China property bond mis-selling, source says
Zambia’s Securities and Exchange Commission (SEC) has sanctioned Standard Chartered for mis-selling a Chinese property company’s bonds to one of the bank’s local wealth clients at the height of the …
China Evergrande ordered to repay its property unit $1.8 billion worth deposit pledges
China’s Evergrande Property Services Group said on Friday a Guangzhou city court has ordered its parent China Evergrande to repay pledge guarantees on deposit certificates totalling 13.4 billion yuan …
China’s Country Garden proposes deal to reduce offshore debt by $11.6 bln
Chinese property developer Country Garden on Thursday proposed a deal to restructure offshore debt worth $10.3 billion, providing its creditors multiple options including converting debt into cash and …
Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to …
China’s residential foreclosures increase in 2024 amid property slump
The number of foreclosed homes in China rose in 2024 from the previous year, a private-sector survey showed on Tuesday, heightening concerns about mortgage delinquencies amid a property slump and …
China’s real estate ‘mayhem’ will slow down in 2025, says management consultancy
The towing crew is back in action, dealing with a 2012-plated vehicle that’s just been dropped off. From checking the tires to loading it up, this operation is full of suspense and professionalism.
China’s property crash a warning for Australia’s housing market
China’s property crash is bad news for Australia’s economy, and there’s even a risk it could precipitate our own housing crisis.
China Vanke’s Year of Reckoning Has Finally Arrived
The developer is no longer the gauge that reflects the health of the real estate market. It’s time to initiate a distressed-debt exchange.
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