China’s central bank held a meeting with banks and 12 property developers to discuss the disposal of non-performing real estate assets, China Securities Journal reported on Monday.The developers …
PROPERTY
China c. bank discusses asset disposals by property firms, sources say
China’s central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the …
China’s Restructuring Firms Staff Up for Record Wave of Defaults
China’s property crisis has triggered an unprecedented wave of defaults in the world’s second-largest debt market. That means for some companies hired to clean up the fallout, business couldn’t be …
No Stranger to Failure, Founder of Sunac China Fights to Save His Property Empire
Sun Hongbin is trying to prevent Sunac from suffering the same fate as China Evergrande Group and other developer rivals that have spiraled into default following government-imposed curbs on borrowing …
Investors bullish on China’s real estate market
Quality property assets in premium locations in China’s key cities remain attractive for investors though the real estate sector is still under pressure, experts said. “Stagnation will be the major …
Don’t Underestimate China’s Economic Resilience, Top Chinese Economist Says
The pandemic will take a toll on China’s economy, but its ability to bounce back should not be understated, a leading Chinese economist has said. “Don’t underestimate the resilience and rebounding …
China developer sued, builder shares rise: Evergrande update
In the latest sign that creditors to the nation’s distressed property firms are growing increasingly impatient.
Wealth shock: property bust in small Chinese cities rattles households
Home owners in small Chinese cities are battling a rare property market downdraft as buyers keep away, eroding the wealth of millions in a blow to already brittle consumer confidence in the world’s …
Analysis: Wealth shock: property bust in small Chinese cities rattles households
“For Chinese consumers to come back full force, not only will the virus need to be vanquished, but the property sector will need to revive as well,” said Frederic Neumann, co-head of Asia economics …
America is struggling to counter China’s intellectual property theft
A new series of Financial Times podcasts on the US-China tech rivalry quotes US intelligence sources as saying the Chinese Communist party’s drive to acquire US intellectual property is becoming “more …
China to step up financial support for industries hit by COVID outbreaks
China’s economy slowed in March as consumption, real estate and exports were hit hard, taking the shine off faster-than-expected first-quarter growth numbers and worsening an outlook already weakened …
China joblessness climbs, spending drops on Covid lockdowns
China reported its biggest decline in consumer spending and worst unemployment rate since the early months of the pandemic as Covid lockdowns put a strain on the world’s second-largest economy, adding …
Stability first: Understanding China’s Q1 GDP growth data
As a noticeable degree of uncertainty marks the international growth climate, Beijing is correct to recognize the need for stimulating momentum through target investments within its borders.