That’s how we compete with China.” While China raises concerns over American boots on the ground in Asia, the country continues to grow its own footprint in the U.S. Not only has the purchase startled…
PROPERTY
China’s property downturn deepens
China’s housing sales amounted to more than $2trn last year, making the sector a crucial driver of the world’s second-largest economy, says Jacky Wong in The Wall Street Journal. The mortgage boycott …
Iron ore sags as China property woes eclipse rebound in steel profits
Dalian and Singapore iron ore futures fell on Wednesday as a crisis engulfing property developers in China, the world’s top steel producer, outweighed improving margins at mills. Aug 3 (Reuters) – …
SGX iron ore dips as China property woes eclipse rebound in steel profits
Iron ore futures fell in Singapore on Wednesday, while the Dalian benchmark contract swung back and forth, as a crisis engulfing property developers in top steel producer China outweighed improving …
China’s economy could be dragged down by loss of confidence in property sector
Land sales, which make up a dominant portion of provincial government revenue, have fallen 30% in the past year.
China property crisis threatens to drag down steel industry
The real estate crisis has ballooned this year, engulfing developers and banks and forcing Beijing to soften its growth ambitions. Read more at straitstimes.com.
China’s property sector remains a drag on its economy, says Standard Chartered
Shuang Ding of the bank discusses how the government has started fine-tuning housing policies to boost demand.
China’s Economic Recovery Looks Nowhere in Sight. Property, Factory, and Retail Sectors Slide.
Manufacturing, retail sales, and employment numbers each are falling short of analysts’ expectations.
China Property Shares Drop to Five-Month Low as Crisis Spreads
A worsening crisis in China’s real estate sector is dragging industry shares to the lowest in almost five months, with home sales slumping further and setbacks spreading at the nation’s most indebted …
China’s Stumbling Manufacturing, Property Sectors Show Long Road to Recovery
Data for the two key sectors was negative in July. The pressure isn’t expected to ease.
Evergrande offers sweetener for debt revamp amid China property crisis
The group updated its preliminary restructuring proposal as the country’s property sector lurches from one disaster to another.
Evergrande offers sweetener for debt revamp as China property crisis worsens
China Evergrande Group will offer its offshore creditors asset packages that may include shares in two overseas-listed units as a sweetener, the developer said on Friday, as a stifling liquidity …
Why is there a real estate crisis unfolding in China?
Massive debt amongst property developers like Evergrande have led to incomplete buildings and angry homebuyers.