Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations…
PROPERTY
China’s Economy: A Sleeping Dragon in Troubled Waters
As the morning sun illuminates Beijing’s skyline, a sense of unease permeates through the bustling city. China, the world’s second-largest economy, finds itself in troubled waters. The indicators of …
No ‘huge reflationary’ consumer demand in China without property sector recovery: Hedge fund
Monica Hsiao, chief investment officer and founder of Triada Capital, says much of China’s urban wealth is tied to property as an asset.
Ping An Real Estate Is China Property’s New Hot Potato
China’s property sector is struggling to halt its unprecedented decline. The biggest developers have gone into default. What will happen to private equity that had enthusiastically bought into real …
Country Garden’s growing debt woes intensify Chinese real estate crisis
Country Garden, once China’s largest homebuilder, is buckling under the pressure of the escalating Chinese real estate crisis, signaling its inability to repay a loan and expecting to default on a …
IMF Warns of Spillover Risks From China’s Property Woes
International Monetary Fund economists warned that China’s real estate sector downturn could erode growth prospects in the Asia Pacific region, which is already seeing signs of its recovery losing …
China’s Tourism Data Paints Bleak Picture for Its Economy
The Chinese state media has presented a relatively positive picture of revenue generated from domestic travel, but more careful analysis paints a bleak picture. Most Chinese state media outlets have skipped mentioning international travel by…
IMF says Asian economies under cosh as China’s property woes bite
China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic prospects, the International Monetary Fund (IMF) said on Friday, warning of a cloudier outlook for the once fast-growing…
IMF Warns of Spillover Risks From China’s Property Sector Slump
International Monetary Fund economists warned that China’s real estate sector downturn could erode growth prospects in the Asia Pacific region, which is already seeing signs of its recovery losing …
Country Garden Edges Closer to Default as China Property Woes Worsen
A sprawling and distressed real estate sector continues to weigh on China as the world’s second-largest economy battles a slowdown.
Punishing Evergrande property tycoon will not solve China’s deep-seated problems in the real estate market
China Evergrande chairman Hui Ka Yan is under criminal investigation, but he is a symptom of a hybrid market-command economy that is not delivering results With housing no longer seen as a safe investment for…
The Rare Indicator That’s Still Optimistic About China’s Property Market
Iron ore’s price has risen more than 20% since late May, outperforming metals such as copper and gold.
China’s September property market package fails to have dramatic effect on buyer confidence, fuelling hopes for more easing
Last month’s package of relief measures from Beijing to bolster the beleaguered property market has not yet had a major impact on homebuyer confidence, with weak sales data and further house price …
