China is widely expected to hold benchmark lending rates steady on Monday, a Reuters survey showed, although expectations are growing for a cut in the mortgage reference rate as the authorities scramble to boost housing.
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China expected to stand pat on lending rates in May
China Removes Mortgage Rate Floor for Individual Homebuyers
China removed the floor on mortgage rates and lowered the minimum down payment ratios for individual homebuyers in its most drastic move to shore up the beleaguered property market.
China issues first batch of 30-year stimulus bonds at yield of 2.57%
The bid-to-cover ratio for the first tranche of the special bonds was 3.91 times, suggesting solid demand for such bonds …
China’s yuan weakens as dollar rebounds, disappointing data weighs
HONG KONG: China’s yuan eased on Friday as the US dollar rebounded and a flurry of domestic data pointed to weaker retail sales and investment, suggesting the world’s second-largest economy is still struggling for traction.
China pledges to buy apartments and finish stalled housing projects
China on Friday announced plans for local governments to buy “some” apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit …
China’s factories fire up but consumer slump persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure …
China Is Expected to Announce New Measures to Fix Its Property Crisis, Spur Growth
China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April …
Putin focuses on trade and cultural exchanges in Harbin, China, after reaffirming ties with Xi
Russian President Vladimir Putin is focusing on trade and cultural exchanges on his state visit to China that started with bonhomie in Beijing and a summit with China’s leader Xi Jinping that deepened …
China to let local govt officials buy affordable housing at ‘reasonable’ prices
China will allow local government authorities to buy some homes at “reasonable” prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the …
US blocks imports from 26 Chinese textile firms over suspected Uyghur forced labor
The United States has barred imports from 26 Chinese cotton traders or warehouse facilities on Thursday as part of its effort to eliminate goods made with the forced labor of Uyghur minorities from the US…
Taiwan is selling more to the US than China in major shift away from Beijing
Taiwan is reducing its reliance on the Chinese mainland as it seeks to insulate itself from pressure from Beijing and forge closer economic and trade ties with the United States.
China property shares rise on bets for new steps to ease deepening crisis
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) -Shares of Chinese property developers rose on Friday as investors expected authorities to announce more measures to stabilise the crisis-hit sector,
China Needs to Make Property ‘Desirable’ Again, BofA Says
BofA Securities strategist Winnie Wu says Beijing needs to make the country’s property sector “desirable again” since people “will not buy a depreciating asset.” She says improving confidence in the …
