With over 1.4 billion people, China is the second most populous country in the world today. Yet, even its staggering population will not be able to fill the astronomical number of empty apartments …
PROPERTY
China property crisis: Country Garden faces reckoning as sluggish economy, bets on smaller cities unravel
In the second of a two-part series on the crisis surrounding Country Garden, we look at how a company considered one of China’s most stable developers is now struggling to navigate a slumping property …
Chinese property giants hit hard with nearly USD 3 billion in forex losses
The total net foreign exchange losses for 24 of the top 30 mainland listed Chinese developers by contracted sales before the COVID crackdown in 2020 totalled 21.25 billion yuan (USD 2.75 billion) for …
China Yuanbang Property Holdings Limited (SGX:BCD) Not Doing Enough For Some Investors As Its Shares Slump 45%
China Yuanbang Property Holdings Limited ( SGX:BCD) shares have had a horrible month, losing 45% after a relatively good period beforehand. Looking at the bigger picture, even after this poor month …
China’s Property Crisis Weighs on Developing Asia’s 2023 Growth Outlook – ADB
China’s property crisis “poses a downside risk and could hold back regional growth,” the ADB said in its report. The Manila-based lender maintained its 2024 growth forecasts for China and India at 4.5 …
How Much is China’s Property Market Weighing on Its Economy?
First, tight monetary policy in its trading partners is depressing consumption and, as a result, the demand for China’s exports. Figure 1 shows that the volume of retail sales in the US and the Euro…
The climate upside of China’s real estate downturn
The deepening debt crisis in China’s construction sector – a key engine of economic growth, investment and employment – may trigger an unexpected climate benefit in the form of reduced emissions from …
BlackRock downgrades Chinese stocks as conviction sours amid property slump and stimulus policy limp
The world’s biggest money manager lost confidence in Chinese stocks and their emerging-market peers after turning bullish in February The MSCI China Index has lost 11.8 per cent since late February; …
Sunac, Country Garden debt deals bring respite for China’s property sector
Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery in home sales.
China’s Embattled Property Developer Evergrande Falls In Deeper Pit: Police Detains Wealth Management Staff
Following China Evergrande Group’s (OTCEM:EGRNF) inability to repay investors, Chinese authorities have taken certain employees from the company’s wealth management division into custody. This marks …
China real estate will pull out of slump in 2024-25: economist
Debt-related rules for big real estate developers should also be relaxed, said Zhang, principal researcher at the China Center for International Economic Exchanges, a state-aligned think tank.
China property woes weigh on EM stocks ahead of central bank-heavy week
Emerging market (EM) stocks fell on Monday in a glum start to a week packed with major central bank policy decisions, with Hong Kong’s benchmark index dragged down by prolonged malaise in China’s …
Nippon Paint targets China expansion despite property market slowdown
Nippon Paint’s co-president Yuichiro Wakatsuki said he remains “cautiously optimistic” about China despite investor concerns about the impact of the slowdown for the Japanese group, which makes 35 per cent of its revenues in the…
