China’s new home prices fell at their fastest pace in nine years in July, as a slew of support policies failed to stabilise prices and restore confidence in the struggling property sector. The prolonged housing…
PROPERTY
China’s Property Prices Plummet Amid Persistent Market Slump
New home prices across 70 major Chinese cities fell by 8% in July. The property market continues to struggle, with notable declines in three-tier cities. Government austerity measures have exacerbated the crisis,
China’s Property Prices Plummet Amid Persistent Market Slump
New home prices across 70 major Chinese cities fell by 8% in July. The property market continues to struggle, with notable declines in three-tier cities. Government austerity measures have exacerbated the crisis,
China industrial production dips as property slowdown weighs on growth
China’s industrial production weakened in July, in a challenge for policymakers relying on the sector to help drive growth and offset a property slowdown weighing on the world’s second-largest economy. Industrial production rose 5.1 per…
China Plans Marriage Law to Stop Population Free Fall
The draft legislation would remove a longstanding restriction to boost the number of marriages, which have been trending downward for a decade.
China’s property market shows signs of warming despite price drop
Thanks to the series of favorable policies, major Chinese cities are showing more signs of a warming housing market. From January to July, the sales area of newly built commercial housing decreased by 18.6 percent…
China’s steel industry in trouble as property market woes hit demand
Areas like consumer appliances and shipbuilding are expanding but are relatively too small to offset the impact of the property market on China’s economy.(Vivek Prakash/Bloomberg) China’s steel …
China’s 48 Million Unbuilt Homes Threaten to Prolong Crisis
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from …
China Has Sold at Least 48 Million Homes That Aren’t Even Built
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from Bloomberg …
China Economy Is Plodding Along in Absence of Consumption Spark
China’s economy probably failed to turn the corner on its worst stretch in five quarters, with an uneven recovery in July held back by consumer spending still lagging industrial activity and …
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump
Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
Labor Strikes Surge in China’s Property and Manufacturing Sectors Amid Economic Slowdown
Labor strikes in Chinas property and manufacturing sectors have surged as the countrys economic growth slows. According to the China Labor Bulletin, strikes increased by 3% in the first half of 2024, …
Shanghai’s wealthy upgrade to new luxury homes despite property market downtrend
Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations. The city saw 1,544 luxury homes sold …
