Rating agencies Fitch and S&P Global downgraded property developer China Vanke on Monday, as the company sinks further into a liquidity crunch within a struggling property sector in China.
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Chinese property developer Country Garden plans deal with creditors, as industry languishes
A lawyer for embattled Chinese property developer Country Garden has told a Hong Kong court that it expects to reach a deal with creditors in February to restructure billions of dollars in debt.
China Vanke CEO’s reported detention deepens property sector concerns
Reports about the alleged detention and release of China Vanke’s CEO over the past 18 hours have sparked wild speculation about the future of the developer and its $45 billion debt, fuelling concerns …
China’s new home prices stabilise with stimulus push
China’s new homes prices stopped falling in December for the first time in 18 months, official data showed on Friday, after the government rolled out multiple rounds of stimulus to lift the property …
China’s property investment drops 10.6% in 2024, sales slump 12.9%
Property investment in China fell 10.6% in 2024, after tumbling 10.4% year-on-year in the first eleven months, National Bureau of Statistics data showed on Friday.
China’s 2024 crude steel output slips to five-year low on feeble property demand
China’s crude steel output in 2024 fell 1.7% from the prior year to a five-year low, official data showed on Friday, hit by a long-running property market crisis that has depressed demand. The world’s …
China Property Investment Stays in Decline, Home Prices Show Slight Improvement — Update
The longer-than-expected property slump prompted Chinese leaders to take more aggressive measures to boost demand in the final quarter of 2024, including mortgage rate cuts, relaxed home purchase …
China’s property sales record positive growth in December
In December, the month-on-month sales prices of commercial residential properties in China’s first-tier cities rose, while the overall decline in second and third-tier cities narrowed, data collected …
China Meets 2024 Growth Target Of ‘Around 5%’ After Stimulus Measures
China’s economy expanded 5% in 2024, meeting the official target of “around 5%” growth after stimulus measures introduced late last year appear to be working.
China’s 2024 growth meets official 5% target on stimulus bump
The biggest bright spot in the economy last year was exports, which was very strong especially if price factor was excluded,” Jacqueline Rong, chief China economist at BNP Paribas SA.
China’s economy grows more than expected. But fears of Trump tariffs loom
Hong Kong (CNN) — China’s economy grew more than expected in the last three months of 2024, official data showed on Friday, as it awaits the likely imposition of fresh tariffs by US President-elect …
China’s economy expands 5% in 2024, hitting target as strong exports, stimulus measures help
Exports accelerated as companies and consumers rushed to beat potential tariff hikes incoming President-elect Donald Trump may impose on Chinese goods. “The national economy was geerally stable with …
China property giant Vanke’s CEO ‘taken away’ by police: report
The head of one of China’s biggest property firms has been “taken away” by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world’s second-largest …
