People’s Liberation Army holds air defence exercise amid fighting between Three Brotherhood Alliance and Myanmar’s military junta.
Tagged By property
China’s GDP grows despite ‘weak’ property sector
China’s stock market fell hard on Tuesday despite economic growth coming in stronger than expected at 5.3 per cent. “The headline number was stronger than expected”, according to HSBC’s Chief Economist for Australia, New Zealand…
China is still struggling to fix its demand problem — and that’s bad news for the likes of Apple and Tesla
China’s GDP rose by a better-than-expected 5.3% in the first quarter, but analysts flagged slowing sales as a sign of weak demand.
China’s property investment decline worsens in Q1
Property investment in China in the first quarter slid 9.5% from a year earlier, compared with a 9.0% fall in the January-February period, suggesting the sector has some way to go before a solid turnaround…
Vanke’s Denials Say Everything About China Property
In a Sunday meeting with brokers, China’s second-largest builder by sales denied rampant market rumors and explained in detail the circumstances of a funding dispute with a business partner as well as …
China’s ‘critical’ property sector must ensure timely delivery of homes, says Vice-Premier He Lifeng
China’s property sector once contributed about a quarter of the national economic output, but it has yet to bottom-out in terms of investment and sales, while market confidence remains weak. “We must …
China’s private builders face $553 billion gap to complete homes
Chinese private real estate developers face a $553 billion funding gap to complete pre-sold homes, adding to the woes of an industry …
China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market
China is encouraging more property owners to swap their old homes for new ones as a way to rejuvenate the market. Zhengzhou, home to the largest iPhone factory, is among at least 30 other mainland…
Ping An Trust delays repayment, citing China property market woes
A subsidiary of China’s Ping An Insurance failed to repay a roughly $107 million trust product on time, citing the property market crisis and adding that it is suing developer Zhenro Properties with …
China Feels Boxed In by the U.S. but Has Few Ways to Push Back
China seeks to project military power in the seas around its coastline, yet also faces pressure to mend relations with neighbors for the good of its economy.
China Vanke Downgraded to ‘Junk’ as Property Woes Worsen
China’s real-estate slump shows no signs of abating—and the pain is spreading. Property developer China Vanke, whose largest shareholder is a state-owned subway operator, avoided the worst of the down …
Fitch Cuts China’s Outlook as Real Estate Downturn Hurts Public Finances
KEY TAKEAWAYS Fitch Ratings downgraded China’s economic outlook due to increasing risks to the country’s public finances as it moves away from an economy reliant on property.The downgraded view …
S&P slashes property giant China Vanke’s credit rating to junk
There was more bad news for the battered Chinese property sector on Wednesday, as S&P Global became the last of the major credit rating firms to strip China Vanke , of its investment grade status.