There is no denying now that China’s economy, the world’s second largest, is in deep crisis. China’s economy grew 5.2% in 2023, slightly above the official target, but the recovery was far shakier …
PROPERTY
Desperate Chinese Property Developers Resort to Bizarre Marketing Tactics
China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. Economists think it’s about to get worse. Sales of …
China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults
The Foshan-based developer has listed five properties for sale in Guangdong’s provincial capital as it seeks to raise cash to repay debt due in the next six months.
China shames struggling transport bureau over fake traffic ticket scam
Some of the alleged traffic incidents were so minor as not to warrant any punishment, the council said. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts as China …
China’s Real Estate Meltdown Deepens: Massive Tax Evasion Claims Send Shockwaves
China’s property crisis, already deepened by the continuous bankruptcy of major developers, is expected to face another severe blow. The real estate market is likely to freeze further as it has been …
China’s residential foreclosures increase 43% in 2023
The number of foreclosed homes in China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property …
China’s Property Market May Keep Struggling Despite Stimulus
It’s becoming clearer that China’s stimulus policies for its beleaguered property sector aren’t enough to lift its fortunes early this year, with disappointing monthly sales data the latest sign that a recovery is some time…
China Property Slump: New Home Prices Fall At Fastest Pace In Nine Years
Stresses in China’s property market were underlined by data on Wednesday that showed new home prices in December endured their steepest monthly decline since February 2015. Prices of new homes measured across 70 large and…
Shocking Reality of China’s Real Estate: Is it Headed for a Meltdown?
AsiaToday Hong Soon-do, Beijing Correspondent = China’s real estate industry crisis is finally becoming a reality and is expected to be a major factor in deteriorating growth rates. In the worst case scenario,
China’s property market slide worsens despite government support
China’s December new home prices fell at the fastest pace since February 2015, marking the sixth straight month of declines, official data showed on Wednesday, with the sector still struggling to get back on its…
China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS
China’s retail sales are expected to climb 5.5 per cent in 2024, one percentage point lower than the estimated 6.5 per cent in 2023, as consumers rein in their spending, according to the Swiss bank.
China could feel the impact of its property crisis for the next 10 years, economist says
It could take China more than a decade to sell the 6 million square meters of homes it has under construction, one economist estimated.
KE Holdings: Real-Time Proxy Of China’s Property Market
Any signs of recovery in China’s housing market may show up in property equities like KE Holdings first. Find out my recommendation on BEKE stock.
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