China’s economy is set to expand 5.3% this year as the property sector stabilizes and external demand improves, according to the ASEAN+3 Macroeconomic Research Office, helping to lift growth in the …
PROPERTY
China’s property development investment down 9 pct in first two months
Investment in property development in China fell 9 percent year-on-year to 1.1842 trillion yuan (about 167 billion U.S. dollars) in the first two months of 2024, the National Bureau of Statistics (NBS …
Country Garden: China property giant suspends shares in Hong Kong
Crisis-hit Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results. The firm said …
Gold scams rising in China as middle-class investors seek safe-haven assets amid weak stock market, property crisis
Gold purchases have soared in China in recent years, with investors seeking safe-haven assets amid the weak stock market and ongoing property crisis, but a number of scams have been reported.
China Property Woes Deepen With Vanke Slump, Country Garden Halt
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.Most Read from BloombergTesla …
Two China Property Giants Lead Drive to Diversify
Some of China’s biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the …
China’s ICBC to support stabilisation of property market
The Industrial and Commercial Bank of China said on Thursday it will support moves underway in the world’s second-largest economy to stabilise its property market.The comments were made by Wang Jingwu …
China Property Crisis Is Rippling Through Its Biggest Banks
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans are creeping up.Most Read from BloombergBiden Gains Ground Against Trump in …
Veteran China Investor Calls for All-Out Property Curb Lift
One of Asia’s best-known private equity investors is proposing a complete removal of home-buying restrictions in China, arguing the country is far from facing a severe oversupply in residential …
China Signals More Property Support, But Substance to Be Key for Turnaround
China’s premier and its central bank chief have sought to calm the country’s embattled property sector in recent days, but investors are waiting on something slightly more elusive: concrete steps.
China’s Tech Sector May Rival Property as Growth Driver, BE Says
China’s high-tech sector is driving an increasing amount of demand for goods and services in the world’s second-biggest economy, and its contribution could rival real estate by 2026, according to …
China Builder Radiance Defaults on Dollar Bond Amid Sales Slump
Chinese developer Radiance Holdings Group Co. defaulted on a $300 million bond after it missed a payment due Wednesday, making it the latest company in the nation’s real estate sector to fail to meet …
Bain Capital Says There Is ‘No Quick Fix’ for China Property
Kei Chua, partner, special situations investment in Greater China and North Asia at Bain Capital, shares his views on the woes in China’s real estate market. He speaks at Bloomberg’s China Credit …
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