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 …
Tagged By property
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 …
Evergrande troubles punish China property as contagion concern spreads
Growing fears of a default by China Evergrande Group led investors worried about its potential impact on the wider economy to dump Chinese property stocks and seek refuge in safe-haven assets …
Dow futures skid 500 points as China property fears grow
U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 500 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were …
Dow futures drop 300 points as China property fears grow
How are stock futures trading? Dow Jones Industrial Average futures YM00 dropped nearly 400 points, or 1.1%, to 34,064 ; S&P 500 futures ES00 fell 40 points, or 0.9%, to 4,382 ; N …
Stocks, Futures Fall on China Property, Fed Risks: Markets Wrap
Stocks and U.S. equity futures fell Monday, hurt by a slump in Hong Kong property developers and jitters ahead of a Federal Reserve meeting that’s expected to hint at moving toward tapering stimulus.
Why the Fate of Troubled Property Developer Evergrande Group Is Posing a Huge Headache for China
The world’s most indebted real estate developer, China’s Evergrande Group, is struggling to make loan payments on its more than $300 billion in liabilities. Here’s what that could mean for the world’s …
