BEIJING – China logged its slowest economic growth since the initial Covid outbreak, official data showed Friday, expanding just 0.4 percent in the second quarter with lockdowns and property market …
Tagged By property
China Property Market Shudders as Buyers Threaten to Stop Mortgage Payments
China’s property market has entered a new stage of turmoil after a year-long slide in sales, stalled projects and mounting real-estate developer defaults.
CCB: Mortgage Loan Exposure to Property Projects with Delayed Delivery Relatively Small, Risk Manageable
Concerning the issues of suspended construction and delayed delivery of property projects in certain areas of China, CCB (00939.HK)(601939.SH) responded that the bank’s mortgage loan exposure to …
China Property Bond Plunge Ensnares Investment-Grade Giant Vanke
Dollar bonds of Chinese developers fell across the board Tuesday, with stress spreading from junk-rated names to investment-grade peers amid renewed concerns about more Covid lockdowns in the country.
Commentary: China files the most patents but does this mean it surpasses US in knowledge production?
China’s production of more intellectual property (IP) does not automatically translate into a strategic advantage in economic competition with the United States. High-quality IP is needed amid …
China aims to build 461,000 kilometres of national highway by 2035 – state planner
China aims to build a total of 461,000 kilometres (286,452 miles) of national highway by 2035, compared with 382,000 kilometres by the end of 2021, the state planner said on Tuesday.
Nam Tai Property Obtains Injunction Against Rogue Former Executives Wang Jiabiao and Zhang Yu
Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Qianhai Cooperation Zone People’s Court (the “Court”) has granted its subsidiary’s request that Wang …
Iron ore price down on growing fears of weak demand in China
The iron ore price fell on Monday on growing fears of weakening demand for the raw material in China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing …
China Doubles Population Under Lockdown, at Risk of BA.5 Shutdown
The world’s second-largest economy has been recovering since mid-May. But that progress is tentative, and is currently being set back by a quadrupling in Covid case counts.
Chinese property developer Ronshine misses interest payments on two bonds
Chinese property developer Ronshine China Holdings Ltd has not made interest payments on its June 2023 and December 2023 notes, totalling $27.9 million, in the latest blow to China’s embattled …
When some properties in China come with jobs
Home developers who complain that they are facing headwinds in selling their properties due to rate hikes and a gloomy outlook should perhaps take a leaf from their counterparts’ book in China. Read …
China’s property market shows early signs of stabilising
BEIJING – China’s embattled property market is showing early signs of stabilising, after months of plunging sales following a government clampdown on over-leveraged developers two years ago. Read more …
China’s Powerlong Real Estate seeks delay in 600 million yuan bond payment – sources
Chinese developer Powerlong Real Estate Holdings seeks to delay payment of 600 million yuan ($89 million) of onshore bonds due on July 15 and to repay the principal in batches over one year, two …