Stocks and bonds in China’s real estate industry fell to around eight-month lows on Monday as repayment worries at two of the country’s biggest developers plunged confidence in the sector deeper into …
PROPERTY
China property stocks tumble on renewed debt fears
Liquidity remains a concern for embattled Chinese property developers, which are struggling to emerge from a debt crackdown that started two years ago.
JPMorgan Sees 35% Downside for China’s Top Builder as Woes Mount
Shares of Country Garden Holdings Co. are expected to drop 35% as liquidity concerns surrounding China’s private builders are unlikely to ease anytime soon, according to JPMorgan Chase & Co. Most Read …
Chinese Property Giant Country Garden Extends Losses on Debt Worries
SHANGHAI (Reuters) – Shares in China’s property developer Country Garden and its property service arm Country Garden Services Holdings tumbled on Monday, extending losses from the previous week on …
There’s more ‘blood on the street’ among smaller property developers across China, says analyst
Andrew Collier of Orient Capital Research discusses the risks in China’s property market and says the fundamental reforms needed to boost China’s economy are not happening.
China’s property woes offer a window into the demise of the country’s boom times
Calls for government stimulus measures have thus far only resulted in modest assistance to the beleaguered sector.
Evergrande’s whopping $81 billion loss is almost triple Iceland’s GDP – it’s a reflection of China’s deepening property crisis
After failing to finish projects and repay lenders, Evergrande now holds the unfortunate title as the world’s most indebted property developer.
Chinese property giant Evergrande hit by £62bn loss amid property crisis
China property giant Evergrande has revealed a loss of £62bn over a period of two years, after defaulting on its debts in late 2021. The Hong Kong-listed developer is seeking to complete one of the…
Developer at the heart of China’s ongoing property crisis lost $81bn in the past two years—more than Google or Microsoft’s entire 2022 profit
Evergrande revealed that it lost a combined $81 billion in 2021 and 2022 during China’s massive property bust.
China’s property market is shrinking at a faster pace, dragging further on the economy
Property sales dropped 28.1% in June, while investment in the sector also took a hit, as GDP growth in the second quarter disappointed.
China June property sales fall at fastest clip this year
China’s property sales between June and May showed the largest monthly drop this year, based on sales by floor area, and investment in property also slumped, official data showed on Monday, …
China’s Jan-June property sales, investment fell at faster pace
Property sales by floor area in China fell at a faster pace in January-June from a year earlier, down 5.3% compared with a 0.9% fall in the first five months, official data showed on Monday,…
China GDP growth falls short of expectations as sinking property prices hit economy
Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023 …