China’s economy expanded by 4.9% in the third quarter, compared to a year ago, the National Bureau of Statistics said on Wednesday.
Tagged By property
Country Garden: China property giant default fears grow
China’s biggest private property developer Country Garden is believed to have become the latest property giant to default on its overseas debt. The firm has $11bn (£9bn) in debt and another $6bn in …
China’s falling property sales, investment weigh on recovery
China’s property sales and investment posted double-digit declines as efforts to support big cities failed to bolster confidence in an industry struggling to emerged from crisis, although the pace of …
IMF says China property slowdown will weigh on Asia’s growth
The International Monetary Fund (IMF) downgraded its 2023 and 2024 growth forecasts for China, saying its recovery was “losing steam” and citing weakness in its property sector.
China Property Bonds Looked Cheap at 20 Cents on the Dollar. They Weren’t.
Distressed-debt funds lost big after betting on a turnaround in the sector.
Distressed-Debt Funds Have Lost Big on China Property Bets
China’s property market meltdown created a multibillion-dollar opportunity for distressed-debt investors. It hasn’t paid off.
China Property: Private Equity’s role is the new hot potato
Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations…
China’s Economy: A Sleeping Dragon in Troubled Waters
As the morning sun illuminates Beijing’s skyline, a sense of unease permeates through the bustling city. China, the world’s second-largest economy, finds itself in troubled waters. The indicators of …
No ‘huge reflationary’ consumer demand in China without property sector recovery: Hedge fund
Monica Hsiao, chief investment officer and founder of Triada Capital, says much of China’s urban wealth is tied to property as an asset.
Ping An Real Estate Is China Property’s New Hot Potato
China’s property sector is struggling to halt its unprecedented decline. The biggest developers have gone into default. What will happen to private equity that had enthusiastically bought into real …
Country Garden’s growing debt woes intensify Chinese real estate crisis
Country Garden, once China’s largest homebuilder, is buckling under the pressure of the escalating Chinese real estate crisis, signaling its inability to repay a loan and expecting to default on a …
IMF Warns of Spillover Risks From China’s Property Woes
International Monetary Fund economists warned that China’s real estate sector downturn could erode growth prospects in the Asia Pacific region, which is already seeing signs of its recovery losing …
China’s Tourism Data Paints Bleak Picture for Its Economy
The Chinese state media has presented a relatively positive picture of revenue generated from domestic travel, but more careful analysis paints a bleak picture. Most Chinese state media outlets have skipped mentioning international travel by…
