As a real estate meltdown ripples through the economy, small businesses and workers are owed hundreds of billions of dollars, and new projects have dried up.
Tagged By property
China’s Most Indebted Property Developer Loses $2B Value After Shares Resumed Trading
Yesterday, China Evergrande reported an H1 FY23 net loss of RMB (33.0) billion ($4.53 billion), which narrowed from RMB (66.4) billion a year ago on higher revenues (RMB 128.2 billion vs. RMB89.3 …
China’s property crisis: how the commercial sector is bucking the trend
The outlook for China’s property sector is undeniably bleak, and the effects are being felt on the broader economy and markets Yet, the strong performance and bright outlook for parts of the …
Industrial Metals Rise on Hopes China to Bolster Property Market
Base metals rose on the Shanghai Futures Exchange after China’s state-owned media said Beijing authorities are set to implement measures to bolster its stock and property markets.
China property: Shanghai to devise its own easing measures to keep prices in check following policy moves by the central government
Shanghai, mainland China’s financial hub, is unlikely to take drastic action to revive the city’s stuttering property sector, even as Chinese policymakers on Friday announced several measures to prop …
China has made its housing crisis worse, has houses to meet 7 years’ demand
China has made its housing crisis worse. The country has enough new apartments to meet seven years’ worth of demand. This can cripple the country’s economy, as per the New York Times …
China’s Cabinet Approves Guidelines to Boost Affordable Housing Amid Property Woes
An official at the Ministry of Housing and Urban-Rural Development said last year that China would add 6.5 million new low-cost rental housing units in 40 major cities in 2021-2025. However, with the …
Economist Andy Xie: China’s Way of Handling Property Bubble Might Not Be What Many People Expect
For years, China’s property market has been a bubble, fueled by growing middle-class wealth, demand for housing in cities, a preference for investing in property rather than stocks, and easy credit …
Chinese Property Companies Get Some Good News After Terrible Year
Chinese property stocks jumped after regulators attempted to ease a slump in the real-estate sector. Hong Kong shares in Country Garden and Guangzhou R&F Properties rose more than 5% on Fri …
Hong Kong Perpetual Bonds Slump in Sign of China Property Contagion
Perpetual dollar bonds sold by several Hong Kong-based companies have recently suffered their largest weekly declines in years, a sign of contagion from China’s property sector woes.Most Read from …
China Property Stocks Gauge on Cusp of Erasing Reopening Rally
Chinese real estate stocks are close to losing all the gains notched during last year’s massive reopening rally as troubles mount for the debt-laden sector.Most Read from BloombergWagner Chief …
China’s property crisis leaves Country Garden with unpaid workers, silent sites
At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has slowed to a dull whirr and a few idle workers roam a near-empty …
On China’s property mess and its banks’ “impossible trinity”
We’ll send you a myFT Daily Digest email rounding up the latest Property sector news every morning. Plenty of pixels have been devoted to China’s property problems — especially as the grace periods on …
