China Vanke has said it will give more weight to real estate management and services, as the country’s largest property developers tweak business models to bolster profitability amid tighter …
Tagged By property
Developer China Evergrande says debt level down to 570 billion yuan
China Evergrande Group said on Tuesday its interest-bearing indebtedness has dropped to around 570 billion yuan ($88.23 billion), from 716.5 billion yuan at the end of 2020. The company had said early …
China’s retail ‘coma’ set to weigh on economic growth amid increasingly tight credit controls
China’s economic growth is on course to lose steam in the coming quarter amid Beijing’s increasingly tight credit controls and the slow recovery in consumption, which may drag down growth next year, …
‘Decoupling’ with China is Not the Answer
We are in serious competition with China, and it’s obvious that our leading position in some critical technologies has been targeted…. We need a thoughtful, long-term strategy to respond. Instead, …
CPPIB to exit six Chinese property developments
Canada Pension Plan Investment Board has agreed to sell its stake in six Raffles City developments, an integrated property development in China.
China’s Chip Investment Moves Ahead Full Throttle
Chinese semiconductor firms have continued to attract high levels of investment so far this year, sealing billions of dollars in financing as Beijing looks to build up its industry to meet demand …
The demise of China’s ‘model’ village, where cash and communism collide
It was a gilt-edged gift to Communist propaganda: a village led by a Party visionary who transformed farmers into millionaires while tacking close to China’s collectivist ideals.
CapitaLand to divest partial stakes in six Raffles City properties in China for $9.6 billion
CapitaLand expects to gain net proceeds of more than $2 billion from the transaction with Ping An Life Insurance Company of China.. Read more at straitstimes.com.
China’s cyber power at least a decade behind the US, study finds
China’s strengths as a cyber power are being undermined by poor security and weak intelligence analysis, according to new research that predicts Beijing will be unable to match US cyber capabilities …
Hong Kong sees rising interest in property auctions, as housing market outlook improves
Interest in property auctions has risen amid a boom in Hong Kong’s housing market, despite a decline in the number of properties foreclosed.
Hong Kong’s weekend home sales post mixed results as buyers are spoilt for choice amid 14 per cent increase in property supply
The stark contrast between the two sales underscores how Hong Kong’s buyers are becoming more selective, as this year’s housing supply may increase 14.3 per cent from 2020.
China’s economy seems to have peaked for the year. Is a rapid slowdown on the cards?
As the first economy to emerge from the Covid-19 crisis, China seems to have moved beyond the initial snap-back phase. However, there are signs that the early momentum could be fading. The recent …
China inks deal with Hilton to build hotel over bulldozed Uyghur mosque: report
Hilton has allegedly inked a deal with Chinese Communist authorities to build a new property at the site of a mosque bulldozed by the government.
