China’s GDP rose by a better-than-expected 5.3% in the first quarter, but analysts flagged slowing sales as a sign of weak demand.
PROPERTY
China’s property investment decline worsens in Q1
Property investment in China in the first quarter slid 9.5% from a year earlier, compared with a 9.0% fall in the January-February period, suggesting the sector has some way to go before a solid turnaround…
Vanke’s Denials Say Everything About China Property
In a Sunday meeting with brokers, China’s second-largest builder by sales denied rampant market rumors and explained in detail the circumstances of a funding dispute with a business partner as well as …
China’s ‘critical’ property sector must ensure timely delivery of homes, says Vice-Premier He Lifeng
China’s property sector once contributed about a quarter of the national economic output, but it has yet to bottom-out in terms of investment and sales, while market confidence remains weak. “We must …
China’s private builders face $553 billion gap to complete homes
Chinese private real estate developers face a $553 billion funding gap to complete pre-sold homes, adding to the woes of an industry …
China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market
China is encouraging more property owners to swap their old homes for new ones as a way to rejuvenate the market. Zhengzhou, home to the largest iPhone factory, is among at least 30 other mainland…
Ping An Trust delays repayment, citing China property market woes
A subsidiary of China’s Ping An Insurance failed to repay a roughly $107 million trust product on time, citing the property market crisis and adding that it is suing developer Zhenro Properties with …
China Feels Boxed In by the U.S. but Has Few Ways to Push Back
China seeks to project military power in the seas around its coastline, yet also faces pressure to mend relations with neighbors for the good of its economy.
China Vanke Downgraded to ‘Junk’ as Property Woes Worsen
China’s real-estate slump shows no signs of abating—and the pain is spreading. Property developer China Vanke, whose largest shareholder is a state-owned subway operator, avoided the worst of the down …
Fitch Cuts China’s Outlook as Real Estate Downturn Hurts Public Finances
KEY TAKEAWAYS Fitch Ratings downgraded China’s economic outlook due to increasing risks to the country’s public finances as it moves away from an economy reliant on property.The downgraded view …
S&P slashes property giant China Vanke’s credit rating to junk
There was more bad news for the battered Chinese property sector on Wednesday, as S&P Global became the last of the major credit rating firms to strip China Vanke , of its investment grade status.
China stocks fall pressured by real estate; HK shares rise
SHANGHAI (Reuters) -China stocks fell on Wednesday, dragged by real estate shares, while Hong Kong shares rose, led by tech stocks. Ratings agency Fitch revised its outlook on China to negative, …
China’s property crisis hits small regional banks harder than big players
In terms of the scale of bad property debts, some institutions saw even larger increases. At the top of the list is Bank of Qingdao, headquartered in Shandong province, near Liaoning, which suffered a …
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