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(PBOC), made its biggest recorded cut in the five-year Loan Prime Rate (LPR) to rein in the said crisis. The five-year LPR, cut by 1.5% to around 4.2%, would bring down the cost of housing mortgage repayments across China. In 2022, China's central bank slashed a key mortgage ...
Pieter Bottelier
A soft landing is likely. In the perception of the West, a hard landing in China is always the risk. Yet time and again, China has proved the doubters wrong. That was the case during the 1997 Asian financial crisis, when worries about a Chinese currency devaluation were rampant. China wa...
"With America facing a housing affordability crisis, it is counterproductive to enact policies that will needlessly drive up the cost of housing," Randy Noel, chairman of the NAHB, said last month in a statement. "We respectfully urge the administration to change course and work to resolve thes...
19 (Xinhua) -- Just as a single decisive move can energize a chess game, China's latest initiative to address local government debt risks marks a crucial step in revitalizing the growth prospects of the world's second-largest economy. The move comes as China gears up to navigate economic ...
The current crisis in part of the real estate sector is similar to what happened in the financial sector of the US in 2023 when several banks (among them, Silicon Valley Bank, Silvergate Bank, First Republic Bank and Signature Bank) went bankrupt causing fears of an economic meltdown. ...
explained by the fact that, as a result of their low income, the majority of RUMs reside in urban villages (Chengzhongcun, urban villages, or villages in the city). RUMs’ housing needs have been documented in a number of other studies (e.g., Wu,2008a; Lin and Zhu,2010). According...
At the same time, China is still one of the largest emitters of CO2 and thus the speed of its decarbonization is crucial for addressing the global climate crisis. China's continued and growing leadership to address the global climate crisis is thus both welcome and vital. As with growth, Ch...
The outbreak and expansion of American sub-prime mortgage loan crisis has no doubt had great influence on world financial industry,which has also aroused great concern by Chinese academic community with housing mortgage loan risks in China.There are such risks for housing mortgage loan in China as...