China poured billions into its bid to become a major player in the world’s most popular sport. A decade later, it has little to show for that investment.
Tagged By property
China’s factory activity likely expanded at a slower pace in March – Reuters poll
BEIJING (Reuters) – China’s factory activity likely grew at a slower pace in March, a Reuters poll showed on Wednesday, suggesting the economic recovery is uneven in the light of weak global demand …
Xiamen becomes latest tier-2 city in China to introduce measures to revive property market, state media says
Xiamen, the capital of China’s coastal Fujian province, has reportedly loosened property restrictions, joining a growing list of tier-2 cities aiming to spur homebuying demand and inject life into the …
BofA says ‘too early to call a full-blown recovery’ in China’s struggling housing market
Several major factors for a sustainable recovery, such as a sustainable pickup in new home sales and improvement in developer funding, are missing, BofA says in report Property prices rose in China in …
China’s maritime strategy: To own the oceans by adverse possession
Put differently, China is working to gain ownership of the oceans through adverse possession. The doctrine of adverse possession does not actually exist in maritime law. An Anglo-American property law …
Sunac China unveils sweetened restructuring offer for US$9.1 billion in offshore debt in latest move by a developer
Sunac China called on other debt holders who had not consented … Green shoots are emerging from the US$2.6 trillion property sector, helping sentiment in the bond market. Elsewhere, developer Logan …
China’s property crisis: Evergrande, Shimao and other fallen tycoons rush for lifelines to fix US$232 billion debt headache
China’s post-pandemic recovery is sending a clear and urgent message to the nation’s fallen property tycoons: shape up, reorganise and get on with working out their debt. The rush is on. China …
Chinese property developer Kaisa forecasts loss of up to about $2 billion
Embattled Chinese property developer Kaisa Group Holdings on Friday forecast a net loss of 12 billion yuan to 14 billion yuan ($2.04 billion) for fiscal 2022, as delivery delays hurt its sales.The …
Evergrande’s China unit failed to pay interest on certain bonds by March 23
BEIJING, March 24 (Reuters) – Evergrande Real Estate Group Co Ltd, a unit of China Evergrande Group, said it failed to pay interest on 4 billion yuan ($586.6 million) bonds due by March 23. The…
China CITIC Bank sees improved market confidence
China still adheres to the principle that “housing is for living in, not for speculation” while continuing to support a healthy development of the real estate sector, said Hu Gang, vice-president and …
In Depth: China’s Patchy Property Revival
China’s financial authorities are hailing a rebound in the housing market after data from February showed an uptick in sales and bottoming out of months of declining prices. With the property sector …
China Adds Malls to REIT Trial in Bid to Boost Consumption
China expanded a public real estate investment trust pilot program to include more types of commercial properties, a move aimed at supporting the nation’s consumers that is likely to also help out …
Shanghai targets 5% growth in property investment in 2023
BEIJING (Reuters) – China’s financial hub Shanghai has a goal of 5% growth in property investment in 2023, the city’s house management bureau said on Friday, after investment in the city’s property …
