Profits at industrial firms in China shrank in the first nine months of the year, as Covid disruptions and a property slump continued to weigh on companies’ bottom lines.
PROPERTY
China fails to stem bond outflows as property woes persist
Michael Li, a China-focused high-yield bond fund manager based in Hong Kong (who prefers not to speak under his real name), is struggling to attract new investment even though he has outperformed the …
China Home Prices Fall for 13th Month as Property Woes Persist
China’s home prices sank for a 13th month in September, underscoring the country’s challenges to arrest a slumping property market. Most Read from BloombergWall Street Is Heading to Saudi Arabia as US …
China’s GDP growth falls short of target on mounting property and zero-Covid woes
China’s gross domestic product rose 3.9 per cent year on year in the third quarter, far below its full-year target and laying bare the scale of the economic challenges facing the country. The release …
China’s Yunnan Tin cans $11 million Wahroonga trophy estate, doubles money on way out
One of the world’s largest tin producers has struck gold in Wahroonga this week, actor Sophie Lee lists her Palm Beach getaway, and Mike Baird buys a $5 million downsizer.
In China’s Property Sector, There Is Nowhere to Hide
A default by CIFI Holdings, one of the handful private developers approved by China to issue state-guaranteed debt, is driving already rock-bottom sentiment even lower.
China’s real estate sector goes south
Chinese real estate developers are desperate to recover from the prolonged lockdowns driven by China’s zero-COVID-19 policy. But the slowdown in home sales is also related to the collapse of household …
Chinese Junk Bonds Set Record Low as Property Crisis Spreads
Chinese junk dollar bonds have dropped to a record low, as a property debt crisis sparked by a crackdown on excessive borrowing and a slide in home sales show few signs of turning around.Most Read…
Analysis-Chinese property developers on tenterhooks ahead of Communist Party Congress
Chinese real estate developers are delaying their debt restructuring moves until after the upcoming Communist Party Congress, hoping the crucial gathering offers clues on how Beijing plans to …
China’s Real Estate Recovery Could Prop Up This ETF
China’s real estate development crisis may be coming to a close, which could help prop up thematic exchange traded funds (ETFs) focused on Chinese real estate in particular. This could also help …
China Property Debt Crisis Deepens as State-Aided Firm Defaults
A Chinese developer with state backing for domestic funding has defaulted on a convertible bond and warned it may face a similar fate on offshore debt, fueling concern about Beijing’s ability to …
China’s property market: The frequently asked questions
Here are some answers to crucial questions about the risks related to the Chinese property market. What caused the property slowdown? Between 2010 and 2020, China saw a strong property market, with …
China Property Debt Woes Deepen as Developer Faces $9.14 Million Payment Test
A Chinese developer that until recently was able to access state-backed funding faces rising concerns as a bond payment comes due, underscoring authorities’ challenge to staunch a property debt crisis …