Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers to step up support for the industry.
PROPERTY
China’s struggling property giant Evergrande files for bankruptcy protection in US
The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal China’s Evergrande Group, the world’s most heavily indebted property developer and the poster child for the country’s property crisis,…
Country Garden: How bad is China’s property crisis?
The debt crisis at Country Garden , China’s largest property developer before this year and once considered a financially sound company, has triggered fresh contagion fears just two years after China …
New pain for China’s property sector
There’s been a lot of concern over the health of China’s real estate market, and the past week hasn’t helped. Two major companies have missed payments. Here to talk with us about the situation is…
China’s deepening property crisis threatens trouble
If property continues to weaken, the government may ask banks to offer more loans to the industry, says Michael Chang of cgs-cimb Securities, a broker. This would lower returns and also be a poor …
China’s economic woes keep getting worse. Here’s why
China has seen a series of disappointing economic data this year. UBS’ Tao Wang explains what went wrong with the anticipated recovery after China’s tough COVID restrictions, and what could come next.
Structural Change Underway in China Property: McCormack
“We think there is a structural change underway in China’s property sector.” James McCormack, managing director, global head of sovereigns at Fitch Ratings, discusses China’s credit rating and his …
China New-Home Prices Drop at Faster Pace as Slowdown Worsens
China home prices dropped for a second month in July, a further sign of the deepening property slowdown that’s weighing on the world’s second-largest economy.
JPMorgan ramps up EM default rate forecast amid China property woes
JPMorgan ramped up its 2023 global emerging market corporate high yield (HY) default rate forecast to 9.7% from 6% on Tuesday following the latest wave of problems in China’s property sector. The U.S.
China’s Jan-July property investment down 8.5% y/y
Property investment in China fell 8.5% in the first seven months from the same period a year earlier, after sliding 7.9% in January-June, according to data from the National Bureau of Statistics (NBS) on Tuesday.
China’s property investment slides for 17th month in July
China’s property investment extended its fall for the 17th consecutive month in July, and home sales slumped, official data showed on Tuesday, as a deepening debt crisis weighs on the sector. Property investment fell 17.
Oil prices end lower as China property woes stoke worries over demand
Oil futures ended lower Monday, seeing some pressure amid worries about China’s property sector. Losses were modest, however, with the market seen as potentially overdue for a pullback after key crude benchmarks on Friday logged…
Major Chinese Real Estate Developer Craters To Record Low As Potential Default Reminds Investors Of China’s ‘Real’ Recession Risk
The Country Garden news reinforced the notion that “recession risks in China are real,” explained Sevens Reports’ Tom Essaye, alluding to concerns about deflation, diminished consumer spending and a …
