Country Garden Holdings (ticker: 2007.Hong Kong), one of China’s biggest property developers, is due to report earnings for the first half on Wednesday after missing interest payments on its bonds …
PROPERTY
Guangzhou eases mortgage rules as China ramps up efforts to revive property sector
Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up the …
China’s Property Woes to Weigh on Steel Prices Through Next Year
Chinese steel prices are likely to drop through 2024 as demand growth weakens and excess capacity weighs on the market, according to Capital Economics Ltd.Most Read from BloombergCitadel Vets 69,000 I …
China’s too-big-to-fail property giants just the tip of real estate crisis, as ‘suppliers are being dragged to death’
If you ask small-business owner Bill Ye, the writing was on the wall for China’s embattled property sector long before Country Garden said its net losses in the first half of this year could reach…
China Real Estate Giant Country Garden Could Be Next To Go Bust
BlackRock, others, are holders of Country Garden outstanding debt. No one here’s getting bailed out of this mess as stock prices head to zero.
A key barometer for China’s economy is shining bright despite the nation’s property crisis
Iron ore, among other commodities like copper, is traditionally associated with growth in China’s economy, according to JPMorgan strategists.
Paid Late, or Never: Painters, Builders and Brokers Hit by China’s Property Crisis
As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
China’s Most Indebted Property Developer Loses $2B Value After Shares Resumed Trading
Yesterday, China Evergrande reported an H1 FY23 net loss of RMB (33.0) billion ($4.53 billion), which narrowed from RMB (66.4) billion a year ago on higher revenues (RMB 128.2 billion vs. RMB89.3 …
China’s property crisis: how the commercial sector is bucking the trend
The outlook for China’s property sector is undeniably bleak, and the effects are being felt on the broader economy and markets Yet, the strong performance and bright outlook for parts of the …
Industrial Metals Rise on Hopes China to Bolster Property Market
Base metals rose on the Shanghai Futures Exchange after China’s state-owned media said Beijing authorities are set to implement measures to bolster its stock and property markets.
China property: Shanghai to devise its own easing measures to keep prices in check following policy moves by the central government
Shanghai, mainland China’s financial hub, is unlikely to take drastic action to revive the city’s stuttering property sector, even as Chinese policymakers on Friday announced several measures to prop …
China has made its housing crisis worse, has houses to meet 7 years’ demand
China has made its housing crisis worse. The country has enough new apartments to meet seven years’ worth of demand. This can cripple the country’s economy, as per the New York Times …
China’s Cabinet Approves Guidelines to Boost Affordable Housing Amid Property Woes
An official at the Ministry of Housing and Urban-Rural Development said last year that China would add 6.5 million new low-cost rental housing units in 40 major cities in 2021-2025. However, with the …
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