The government may also end distinctions between first- and second-home purchases, paving the way for smaller down payments and lower mortgage rates on second residences, the people added.
Tagged By property
Gold prices rise after bumper Fed rate cut; copper upbeat on China stimulus
Investing.com– Gold prices rose in Asian trade on Friday as the dollar fell following an outsized interest rate cut by the Federal Reserve, with markets cheering the prospect of further reductions in …
China keeps loan prime rate unchanged in Sept
Investing.com– The People’s Bank of China kept its benchmark loan prime rate unchanged on Friday, but is expected to eventually trim the rate further amid steadily deteriorating economic conditions …
China Market Update: Powell’s Rate Cut Powers Asia & China Higher
Asian equity markets were nearly universally higher overnight after the US Fed cut rates by 0.50%, despite a lackluster reaction on Wall Street.
China warns struggling regions to be more strict and accountable in curbing hidden debt
Notice from top legislature comes with debt management under the microscope amid scramble to achieve economic growth targets for 2024 China’s top legislature has issued a new order to curb the rise of …
China hits 9 US firms with property freeze over weapons sales to Taiwan
China announced steps against nine U.S. military-linked firms on Wednesday over U.S. weapons sales to Taiwan, freezing their property within China, in the latest move to put added pressure on the …
Mercedes-Benz Sells Out of China EV Maker as Luxury Spending Drops
Mercedes-Benz has sold its remaining 10% stake in premium EV and hybrid maker Denza to BYD in the wake of disappointing sales locally.
Ultra-weak home prices in northern China arrive in southern powerhouses
Chinese homebuyers on a tight budget have long sought out Hegang, an ex-coal boomtown on the Russian border. Now, as China’s property crisis spreads, Hegang’s basement prices are showing up in …
China Landlord Tries To Evict Cancer-Stricken Tenant Over Property Value Concerns
Upon learning of her terminal cancer diagnosis, Zhang cited concerns that her death on the property would stigmatise it as a “haunted house.” …
Is there still hope for China’s economy?
China’s economic outlook has grown increasingly uncertain in recent months as key indicators continue to disappoint. With industrial output, retail sales, and property investment all showing signs of …
Where now for China after economy lost momentum ‘across the board’ in August?
China’s economic data in August largely disappointed, pointing to difficulties in meeting Beijing’s annual growth target China released key economic data for August on Saturday, including key retail …
‘Time is running out’ for China to hit its growth targets, economist says
With no clear sign of a stronger growth stimulus, China likely won’t reach its 5% annual growth target, economist Yingrui Wang says.
China landlord tries to evict terminal cancer tenant, fearing death could reduce property value
A landlord in Beijing is facing immense criticism after he sent an eviction order to a tenant with late-stage cancer because he was worried that the property would lose value if she died there.
