The size of unfinished, pre-sold homes in China is about 20 times the size of developer Country Garden as of the end of 2022, Nomura analysts said.
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China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
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China’s unfinished property projects are 20 times the size of Country Garden
China Mulls $137 Billion of New Funds to Aid Troubled Housing Market
Bloomberg has learned that China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s housing program. This would mark a major step-up in Beijing’s effort to boost economic…
China retail sales, factory output grow more than expected in October
Chinese shoppers are spending more again, new data from China’s National Bureau of Statistics (NBS) shows, but it won’t necessarily mean a big boost for the economy.
China unveils $137 bln plan to revitalise property market amid economic challenges
Market concerns have surged regarding the financial health of China’s prominent developers, particularly after a series of record defaults within the industry. The injection of funds aims not only to …
China’s property boost has to sway wary banks
Xi Jinping is stuck between debt-ridden developers and risk-shy bankers. The Chinese president’s latest attempt to boost housing through cheap loans is an enlarged version of a 2022 scheme. That …
China lithium concentrate imports soared in September, but may drop in October
In September, spodumene concentrate import volume reached 499,695 mt, up 119% MoM. Of this, 170,000 mt went to a major lithium salt factory in Sichuan Province, significantly increasing overall …
China’s Oct oil refinery runs slow from last month as margins narrow
China’s oil refinery throughput in October eased from last month’s highs amid weakening industrial fuel demand and narrowing refining margins.
China Self Driving Firm IMotion Aims to Launch $100 Million Hong Kong IPO This Month – Sources
SYDNEY (Reuters) – Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, …
China factory output, retail sales beat expectations
BEIJING –China‘s October economic activity perked up as industrial output grew at a faster pace and retail sales growth beat expectations, an encouraging sign for an economy still showing significant …
Chinese officials cover up anti-Beijing placards in San Francisco as Xi Jinping arrives for Apec summit
Protestors and supporters of Chinese leader Xi Jinping clashed at San Francisco’s international airport on Tuesday as he arrived for a much-anticipated meeting with Joe Biden, the US president. Ahead …
Why Delhi lags behind Beijing in the battle to breathe
That time of the year is back in Delhi, but Beijing is breathing much better.
China’s Jan-Oct property sales fell 7.8% y/y, investment down 9.3%
Property sales by floor area in China fell 7.8% year-on-year in January-October, compared with a 7.5% slide in the first nine months of 2023, suggesting China’s property sector is yet to emerge from …
Biden Admin Removes Restrictions on China Purchasing American Technology That Could Be Used Against US
Without sufficient explanation, the Biden admin. recently removed trade restrictions on several Chinese companies connected to the CCP.
