Areas like consumer appliances and shipbuilding are expanding but are relatively too small to offset the impact of the property market on China’s economy.(Vivek Prakash/Bloomberg) China’s steel …
Tagged By property
China’s 48 Million Unbuilt Homes Threaten to Prolong Crisis
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from …
China Has Sold at Least 48 Million Homes That Aren’t Even Built
At least 48 million homes in China have been sold before construction has been completed, suggesting the country’s property crisis won’t be resolved anytime soon, according to a report from Bloomberg …
China Economy Is Plodding Along in Absence of Consumption Spark
China’s economy probably failed to turn the corner on its worst stretch in five quarters, with an uneven recovery in July held back by consumer spending still lagging industrial activity and …
Beike’s second-quarter profit jumps 13.9% in surprise defiance of China’s property slump
Adjusted net profit rose 13.9 per cent to 2.7 billion yuan (US$377 million) in the second quarter, beating the 1.8 billion yuan expected by analysts in a Bloomberg poll KE Holdings, the operator of …
Labor Strikes Surge in China’s Property and Manufacturing Sectors Amid Economic Slowdown
Labor strikes in Chinas property and manufacturing sectors have surged as the countrys economic growth slows. According to the China Labor Bulletin, strikes increased by 3% in the first half of 2024, …
Shanghai’s wealthy upgrade to new luxury homes despite property market downtrend
Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations. The city saw 1,544 luxury homes sold …
Strikes hit China’s property, manufacturing sectors as growth slows
TOKYO — Labor disputes in China’s property and manufacturing sectors have surged as economic growth decelerates, underlining blue-collar workers’ concerns over the country’s social safety net. Unrest …
Kaisa, Times China prepare for new survival fight with creditors as winding-up cases resume
Troubles at Kaisa Group and Times China, which defaulted on US$15 billion of offshore debts, are in the spotlight again as the city’s High Court deliberates on hostile lawsuits from creditors.
Shanghai’s wealthy residents upgrade to premium homes, ignoring property market upheaval
Shanghai’s rich set expect prices of luxury homes in the city will continue to rise because of limited supply and the growth potential of the mainland’s financial hub.
China’s housing rental industry crucial to future real estate market: PBOC
BEIJING: The housing rental industry in China, anticipated to experience strong demand and stable supply, is identified as a “crucial direction” for the future development model of the country’s real …
China Evergrande’s liquidators ask investors to join restructuring process
(Reuters) -China Evergrande’s liquidators have invited investors interested in restructuring the heavily indebted property developer or any of its parts, it said in a filing on Friday. The move comes …
China Market Update: Shenzhen’s Real Estate Policy Ignites Rally
Asian equities were mostly lower as overweight countries including Japan, South Korea, Taiwan, and, for the first time, India, succumbed to selling pressure as the US dollar weakened overnight.
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