Iron ore futures fell below $100 a ton for the first time in seven months as investors bet that China’s years-long property crisis will run through 2024, keeping a lid on steel demand.Most Read from…
PROPERTY
China’s housing crisis: Chinese home prices fall in February as property woes deepen
China’s housing market displayed continued weakness in February, with new home prices declining for the eighth consecutive month, according to official data released on Friday.
Latest on China Property Crisis: Debt Woes Deepen at Country Garden
Country Garden missed a local bond payment—the latest difficulty for a giant once seen as among China’s strongest property developers, but which has been pushed to the brink by the country’s …
China is sending a harsh message to its struggling property developers: ‘They will be made to pay the due price’
When the Chinese government started cutting off debt financing to the country’s massive property developers in 2020, it sent the $5 trillion real estate sector into a tailspin.
China property crisis: Minister says ‘seriously insolvent’ firms must go bankrupt
Chinese real estate companies that are “seriously insolvent and have lost their operating capabilities” must go bankrupt and reorganize, the country’s housing minister said during a press conference.
China’s Property Bubble Popped. These Cities Are Taking the Brunt.
The number of completed but unsold homes are in the millions, with one housing official saying billions could be possible.
China ready to let some troubled property firms go bust: housing minister
Beijing will strive to stabilise China’s property market in the midst of a debt crisis and “systemic risks”, while allowing some troubled real estate developers to go bankrupt or be restructured, the …
Yi Gang Proposes Plan to Help China Real Estate Developers Access $139 Billion
China’s former central bank governor Yi Gang has suggested a new way for Chinese real estate developers to use pre-sale funds, which could help the country’s ailing property market.
Why China’s Property Downturn Has a Silver Lining for Consumption
Some economists argue falling home prices allow families to save less and spend more. But a lack of confidence in growth may be holding back spending.
China’s real estate slump is about to get worse
Property sales and housing starts have collapsed, and Beijing may not be able to prop up construction much longer before it crashes by half.
China’s Li Vows More Support for Property Market Stuck in the Doldrums
The policy message in Li’s annual report to China’s parliament reinforced the view that the world’s second-largest economy is still working through a combination of half-completed projects as well as …
China to Refine Real Estate Policies to Support Ailing Sector
China will refine real estate policies to provide stronger support for the ailing sector, as the property crisis drags into a fourth year.
China property: homeowners turn to social media to boost their chances of a quick sale in depressed market
Amid a sluggish second-hand home market where supply outweighs demand and prices are slumping to fresh lows, many homeowners in China are taking to social media to sell their property in the hopes of …
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