China residents approved a roughly $4.8 million budget in June, which represents a $370,000, or 9%, increase from the year prior. The town hasn’t reassessed its property and home values in “a couple …
PROPERTY
VIDEO: How China’s property market crisis is hitting iron ore prices and the Australian economy
Bluescope Steel’s CEO Mark Vassella says the company and the wider domestic steel industry is at the bottom of the boom and bust cycle. Bluescope Steel’s CEO Mark Vassella says the company and the wider…
China’s property crisis deepens
China’s property black hole continues to suck life out of the economy, with nothing positive to report from July’s data from the embattled sector.
Plummeting iron ore prices on back of China’s property crisis could wipe $3b from federal budget
Plummeting iron ore prices on the back of China’s cooling property market could cost the federal government $3 billion in revenue and push the budget further into deficit this financial year.
China’s home-price slump deepens to new 9-year low despite stimulus
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…
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 …
