The world’s two biggest economies did not strike a deal before a deadline. President Trump halted tariffs on Mexico and Canada but did not do so for China.
PROPERTY
China Home Sales Resume Decline as Stimulus Effect Wears Off
China’s residential sales resumed falling in January, suggesting the property sector still has some way to go before it can show a sustained recovery.
China’s DeepSeek Shock Raises A Big Economic Question
The economic hardware/software debate about China just got more complicated. Before DeepSeek flipped the script on the artificial intelligence game, many economists worried China had way too much of …
Even China’s Property Stalwart Isn’t Immune From the Crisis
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.
Vanke’s woes reignite fears for China’s property sector
Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive …
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to “health reasons”, after state-backed media reported he had been taken away by authorities. Vanke has not confirmed …
Sunac China cuts costs on US$937 million defaulted debt linked to Beijing project
Restructuring terms allow the Chinese developer to effectively cut its annual borrowing costs to 4.12 per cent from 9.6 per cent.
China’s real estate tax cuts yield $1.6b in first month
BEIJING — China’s new tax policies aimed at stabilizing the real estate market have resulted in 11.69 billion yuan (about $1.6 billion) in tax reductions and exemptions in their first month of …
Sunac China lands first onshore debt reduction in troubled property sector
(Reuters) -Sunac China on Tuesday emerged as the first embattled Chinese property developer to successfully cut down on its onshore debt, after it said holders of all ten bonds had accepted its …
Ratings agencies downgrade China Vanke on deepening property sector woes
Rating agencies Fitch and S&P Global downgraded property developer China Vanke on Monday, as the company sinks further into a liquidity crunch within a struggling property sector in China.
Chinese property developer Country Garden plans deal with creditors, as industry languishes
A lawyer for embattled Chinese property developer Country Garden has told a Hong Kong court that it expects to reach a deal with creditors in February to restructure billions of dollars in debt.
China Vanke CEO’s reported detention deepens property sector concerns
Reports about the alleged detention and release of China Vanke’s CEO over the past 18 hours have sparked wild speculation about the future of the developer and its $45 billion debt, fuelling concerns …
China’s new home prices stabilise with stimulus push
China’s new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property …
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