China is grappling with significant economic challenges, primarily due to a weakening real estate sector and a strategic pivot towards high-tech industries. President Xi Jinping’s focus …
PROPERTY
China weighs removing major homebuying restrictions to boost demand
Authorities are also mulling fresh measures to shore up the sluggish stock market, the people added, without providing more specifics …
China holds key rates after Fed’s cut, but ‘modest’ easing may come later
China’s five-year loan prime loan remained unchanged even after the US Federal Reserve kicked off its rate-cutting cycle.
China’s Ray Dalio Troubles Are Only Just Beginning
When China lost even Ray Dalio, you know Asia’s biggest economy has got some serious troubles ahead.
China’s last-ditch attempt to revive housing sector may involve easing many strict ‘limitations’
The housing market downturn continues to weigh heavily on China’s economy, with real estate sales and prices continuing to slide in August despite a series of government measures aimed at stabilising …
China weighs removing major homebuying curbs to boost demand
The government may also end distinctions between first- and second-home purchases, paving the way for smaller down payments and lower mortgage rates on second residences, the people added.
Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus
Investing.com– Gold prices rose in Asian trade on Friday as the dollar fell following an outsized interest rate cut by the Federal Reserve, with markets cheering the prospect of further reductions in …
China keeps loan prime rate unchanged in Sept
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Friday, but is expected to eventually trim the rate further amid steadily deteriorating economic conditions …
China Market Update: Powell’s Rate Cut Powers Asia & China Higher
Asian equity markets were nearly universally higher overnight after the US Fed cut rates by 0.50%, despite a lackluster reaction on Wall Street.
China warns struggling regions to be more strict and accountable in curbing hidden debt
Notice from top legislature comes with debt management under the microscope amid scramble to achieve economic growth targets for 2024 China’s top legislature has issued a new order to curb the rise of …
China hits 9 US firms with property freeze over weapons sales to Taiwan
China announced steps against nine U.S. military-linked firms on Wednesday over U.S. weapons sales to Taiwan, freezing their property within China, in the latest move to put added pressure on the …
Mercedes-Benz Sells Out of China EV Maker as Luxury Spending Drops
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales locally.
Ultra-weak home prices in northern China arrive in southern powerhouses
Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China’s property crisis spreads, Hegang’s basement prices are showing up in …
