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 …
PROPERTY
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 …
Economist Andy Xie: China’s Way of Handling Property Bubble Might Not Be What Many People Expect
For years, China’s property market has been a bubble, fueled by growing middle-class wealth, demand for housing in cities, a preference for investing in property rather than stocks, and easy credit …
Chinese Property Companies Get Some Good News After Terrible Year
Chinese property stocks jumped after regulators attempted to ease a slump in the real-estate sector. Hong Kong shares in Country Garden and Guangzhou R&F Properties rose more than 5% on Fri …
Hong Kong Perpetual Bonds Slump in Sign of China Property Contagion
Perpetual dollar bonds sold by several Hong Kong-based companies have recently suffered their largest weekly declines in years, a sign of contagion from China’s property sector woes.Most Read from …
China Property Stocks Gauge on Cusp of Erasing Reopening Rally
Chinese real estate stocks are close to losing all the gains notched during last year’s massive reopening rally as troubles mount for the debt-laden sector.Most Read from BloombergWagner Chief …
China’s property crisis leaves Country Garden with unpaid workers, silent sites
At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a dull whirr and a few idle workers roam a near-empty …
On China’s property mess and its banks’ “impossible trinity”
We’ll send you a myFT Daily Digest email rounding up the latest Property sector news every morning. Plenty of pixels have been devoted to China’s property problems — especially as the grace periods on …
Fears of ‘domino effect of contagion’ amid China’s property woes could bring down U.S. Treasury yields from 16-year high
MARKET EXTRA The lingering debt troubles in China’s real-estate sector and the uncertainty of Beijing’s policy support are feeding into broader unease in the U.S. financial markets, potentially driving investors to snap up safer assets…
China’s property crisis deepens with developer Country Garden at risk of default
Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaulted
EUROPE China sets sombre tone with property turmoil
Property boom poster child China Evergrande has filed for Chapter 15 protection in a U.S. bankruptcy court, putting an exclamation point on a torrid week for the real estate sector and stoking expectations that authorities…
Oil’s 7-week winning streak at risk from China economy jitters
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
China’s property crisis deepens as developer Country Garden at risk of default
Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaulted …
