Beaten-down Chinese shares from property developers to tech giants and casinos advanced on Thursday amid hopes that China Evergrande Group is making progress in dealing with payment deadlines.
Tagged By property
What is Evergrande? The Chinese property giant behind global selloff fears
The developer’s predicament could deal a serious blow to the world’s second-biggest economy as Beijing faces what may be one of its largest defaults.
Fitch Ratings cuts China’s growth forecast to 8.1% on property curbs
Fitch Ratings lowered China’s economic growth projections for 2021 and 2022 as a slowdown in the property market weighs on domestic demand. Gross domestic product is forecast to expand 8.1 per cent …
COLUMN-China’s Evergrande problem today may dent global growth tomorrow: Jamie McGeever
For now, it’s business as usual. But how China’s Evergrande problem unfolds in the coming weeks could end up influencing global policymakers’ decision-making next year.
China Property Assets Soar as Evergrande Spillover Fears Ease
China Evergrande Group unit’s statement of a negotiated coupon payment is easing fears about risk contagion of the developer’s debt crisis, and analysts say this is presenting opportunities for …
Tough to get investors out of China’s property market despite Evergrande crisis: Orient Capital
Andrew Collier of Orient Capital Research says people in China do not have many options in where to invest their savings as property has been the “main savings account for everybody.” The country’s …
Fitch Cuts China’s Growth Forecast to 8.1% on Property Curbs
Fitch Ratings lowered China’s economic growth projections for 2021 and 2022 as a slowdown in the property market weighs on domestic demand.
Fitch cuts China 2021 GDP forecast to +8.1% vs +8.4% on property slowdown
Fitch Ratings on Thursday cut its 2021 economic growth forecast for China to 8.1% from 8.4%, citing the impact of the slowdown in the country’s property sector on domestic demand.
China Stocks From Property to Tech Jump as Evergrande Hopes Rise
Beaten-down Chinese shares from property developers to tech giants and casinos advanced on Thursday amid hopes that China Evergrande Group is making progress in dealing with payment deadlines.
Evergrande Group: It’s crunch time for China’s heavily indebted property giant
It’s crunch time for China’s heavily-indebted Evergrande Group.The sprawling Chinese real estate conglomerate faces a critical test on Thursday: can it meet its obligations to bondholders, or will it …
Evergrande crisis may spill over to China’s property and banking sectors: Somerset Capital
Min Chen of Somerset Capital Management says an Evergrande default that may lead to a spillover in China’s property and banking sectors will be manageable and would not turn into a Lehman Brothers …
US markets suffer sharpest drop since mid-May in losses sparked by China refusal to bail out indebted property developer
Wall Street has suffered its sharpest drop since May as the S&P 500 fell 1.7 per cent, and the Dow Jones Industrial Average closed down 614 points, or 1.8 per cent. The tech-focused Nasdaq also…
Evergrande fears send stock market tumbling: Here’s what investors need to know about the China property giant
MARKET EXTRA Evergrande, a Chinese property giant nursing more than $300 billion in debt, remains on the brink of default — sending global equities tumbling Monday as investors, who had …