Sustained property woes will continue to be the biggest drag on the world’s second-largest economy next year, with potential buyers hesitant to purchase and developers struggling for cash, according …
PROPERTY
Man in China seeks snap divorce from rich wife, claims ‘bad relationship’ in bid for half share of US$28 million inheritance
People on mainland social media have rounded on a husband in China who is seeking a surprise divorce from his wife, and half the US$28 million she was left by her wealthy but intestate parents…
China’s Real Estate Challenges for Next 4-6 Years, Oxford Economics Warns
China may need 4 to 6 years to resolve its real estate crisis, says economist Louis Lu, citing oversupply issues and slow demand recovery.
Will Property Implode China’s Economy? Not Necessarily
But there is another brake on China’s growth. Its economy has for many years depended on outsized domestic investment in real estate and infrastructure and those investments are showing sharply …
Impact of China property distress is ‘largely in the back mirror’: Goldman Sachs
Kenneth Ho of Goldman Sachs discusses the drivers impacting the resilience in emerging markets and the recent Moody’s credit outlook downgrade for China.
China’s big property market problem will take at least 4 to 6 years to resolve
China has a big problem within real estate that will take years to resolve, according to analysis from Oxford Economics’ Louise Loo.
Signa insolvency is credit negative for some banks, Moody’s says
The credit rating agency Moody’s said that the insolvency of the European property and retail giant Signa is a drag on the credit quality and profitability at some Austrian, German and Swiss banks. Controlled by…
Moody’s changes Hong Kong’s outlook to negative from stable
Moody’s on Wednesday downgraded its outlook on Hong Kong to negative from stable, a day after cutting China’s credit outlook citing costs to bail out local governments and state firms or to control its property…
China’s high-yield property bonds hand investors a 22% loss in 2023 as developer defaults continue
China’s US dollar-denominated high-yield bonds, dominated by property debt, have landed investors a 22 per cent loss so far this year, after a 33 per cent slump in each of the past two years, according…
China’s property crisis won’t be solved by just treating symptoms
As 2024 approaches, few questions loom larger than whether China can overcome the property crisis that risks limiting its long-run economic potential.
Brazen man in China demands US$280 to return lost mobile phone, threatens to delete contents if owner doesn’t pay up
A brazen man in China has been heavily criticised on mainland social media after he demanded US$280 to return a mobile phone he found in a restaurant to its owner.
Three more Signa companies file for insolvency as Moody’s warns on banks
Three more divisions of the European real estate and retail group Signa filed for insolvency on Wednesday, another turn for the worse for the embattled Austrian company that has become the biggest casualty so far…
Moody’s puts China on downgrade warning as growth, property pressures mount
Ratings agency Moody’s slapped a downgrade warning on China’s credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the …
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