Property prices have plunged and a domino line of developers have defaulted on their bonds. China’s financial system is sitting on 46 trillion yuan ($6.8 trillion) of outstanding mortgages and still …
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Homebuyers in China are refusing to keep paying mortgages for unfinished apartments, adding to the cash crunch in the sector that could spread globally
Buyer sentiment has also slumped in China as movement restrictions drag on. The situation is so dire that some developers have even started accepting crops for down-payments. Developers use mortgage …
China: on the road to recovery but uncertainty on lockdowns persists
Slow GDP growth in the second quarter shows that fiscal stimulus helped to avoid an economic contraction. What does the future hold for China’s …
China’s property, banking pain has iron ore in a bear squeeze
COVID-19 is slowing China’s economy and sparking crises in its property sector, weighing on iron ore prices just as the big miners see costs rise.
China Will Agree to Aid ‘At Some Point,’ Sri Lanka Envoy Says
Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree “at some point,” according to a top envoy.Most Read from BloombergIvana Trump, …
China faces many challenges in achieving its full-year economic targets, says statistics bureau
However, a spokesperson for the National Bureau of Statistics of China said the country is performing better than the U.S. and Europe when it comes to inflation. CNBC’s Evelyn Cheng reports.
China-backed rail projects postponed due to lack of funding: DOTr
Former President Rodrigo Duterte’s “Build, Build, Build” is once again facing some bumps as the construction of several China-backed railway projects is put off due to scarcity of funding. According …
China’s Interventionist Approach to Managing Financial Risks
While Beijing has studied the mistakes of past financial cleanups, its current approach risks making new ones.
Instant View: China’s economy contracts in Q2, global risks darken outlook
“Looking ahead, we expect China’s economy to pick up speed in the run up to the 20th Party Congress, on increased stimulus measures and easing COVID-19 control policies.” The window for further policy …
China central bank renews medium-term policy loans, rate unchanged for a sixth month
China’s central bank rolled over maturing medium-term policy loans while keeping interest rate unchanged for a sixth straight month on Friday, matching market expectations.
China Banks Report $312 Million of Bad Loans in Mortgage Boycott
China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential …
China PBOC Keeps Key Policy Rates Unchanged
The People’s Bank of China kept its key policy rates unchanged on Friday while injecting fresh liquidity into the financial market.
China Shares Waiting On GDP Data
Among the actives, Industrial and Commercial Bank of China skidded 1.13 percent, while Bank of China tumbled 1.82 percent, China Construction Bank declined 1.59 percent, China Merchants Bank plunged 3 …
