China’s economic recovery is being weighed down by a worsening property slump, with latest data likely to show little sign of a rebound in growth.
Tagged By property
China property woes spread, adding to national economic gloom
HONG KONG — Last month, China’s Communist Party Politburo raised the hopes of investors in the nation’s beleaguered property sector, issuing a pronouncement at the end of its July meeting that was widely interpreted as…
China’s Home Buyers Are Waiting Out the Property Slump
The wait-and-see attitude of home buyers is deepening the slump and complicating policy makers’ attempts to revive economic growth.
Once Asia’s richest woman, China property tycoon loses more wealth than any billionaire
Yang Huiyan, the once-richest woman in Asia, lost 84% of her wealth from its peak in 2021 due to the deepening debt crisis of her Chinese property development company, Country Garden Holdings Co.
Asian billionaires lose huge fortunes amid China’s property crisis
Hordes of Asia’s billionaires have lost vast sums amid a crisis in China’s property industry, with some losing as much as three-quarters of their fortunes.
Country Garden restructuring fears deepen China property concerns
Country Garden’s shares hit a record low on Friday on fears that the Chinese property company is preparing for a debt restructuring, adding to concerns about the property sector outlook in the absence …
China property giant Country Garden warns of up to $7.6bn loss
Country Garden, which is one of China’s biggest property developers, has warned that it could see a loss for the first six months of the year of up to $7.6bn (£6bn). The announcement is the…
China’s heading for another real estate crisis — but it’s on a whole different scale than what it’s seen before
China’s property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.
China’s Property Market Is Critical for Growth. Now It’s Broken.
China’s massive real-estate market is back in trouble after a first-quarter flicker that the sector might be stabilizing.
China’s Property Ills Worsen as Former Biggest Builder Wobbles
Country Garden Holdings Co.’s stock and bonds plunged, with short-sellers swarming over China’s sixth-largest developer by sales, as scrutiny intensified over its operations and ability to meet debt payments.
China’s property sector is in dire straits as yet another developer reportedly runs into trouble
China’s property sector continues to unravel as another developer falls behind on its debt payments, according to Bloomberg. Country Garden Holdings – once China’s largest developer by sales – failed …
China Property Stocks Lead Hong Kong Market Slump
A cash crunch at China’s largest surviving property developer rattled Hong Kong’s stock market on Tuesday, sending the benchmark Hang Seng Index down 1.8%. Country Garden Holdings said it missed …
Country Garden misses bond payments as China property fears flare
Country Garden said on Tuesday it has not paid two dollar bond coupons due on Aug. 6, confirming market fears that the biggest privately owned developer in China is slipping into repayment troubles.
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