including house prices and sales of new homes, it is faring better than almost anywhere in the country. At a national level, the central government’s response to the deepening property crisis, including an interest-rate cut announced on June 13th, has underwhelmed. China’...
So Chinese real estate market just kept ramping up, until 2020, when the central gov drew the 3 red lines, on the debt of developers. This was the turning point and as a Chinese, we are all familiar with thestory after that. China's real estate crisis, explained : Planet Money By Ni...
In 2023, the global economic growth will face a strong headwind. According to the projections of IMF in January 2023, the world economic growth will fall from 3.4% in 2022 to 2.9% in 2023, and the advanced economies’ growth will decrease from 2.7% in 2022 to 1.2% in 2023. The GDP g...
Chinese stocks edged slightly lower as Friday’s monetary-easing measures were partly offset by fears of a global banking crisis remained. The benchmark Shanghai Composite fell 0.5 percent and the Shenzhen Component slid 0.3 percent. Hong Kong stocks sank even sharper with the benchmark Hang Seng...
ON THE GARNISHMENT RULE IN CHINAZhu YuchenI. INTRODUCTIONIt has become a general problem all over the world of how to define the debtor’s property accurately and speed up the efficiency of execution so that the creditor can...
The overall fix-asset investment grew 5.1% in 2022. There are three major investments in China, the manufacturing investment, the property investment and the infrastructure investment. Each of them had a different trajectory in 2022 and will have a different outlook in 2023. ...
the central government’s response to the deepening property crisis, including an interest-rate cut announced on June 13th, has underwhelmed. China’s benchmark stock index has fallen by 8% since its peak this year in early May, when the country still appeared to be rocketing towards a full...
2023年4月China Daily 热词 1.全面推进乡村振兴 comprehensively promote rural vitalization 2.农村基础设施 rural infrastructure 3.“三农 ”问题 issues relating to agriculture, rural areas and farmers 4.农业农村现代化 modernization of agriculture and rural areas 5.中国式现代化 Chinese modernization 6.就业...
Published: 7 September 2023 After experiencing a strong rebound in the first quarter, China’s GDP growth in the second quarter of this year fell below market expectations. Property related sectors and local governments will likely face a balance-sheet recession. However, if the economic growth ra...
This paper examines the role of collateral in sudden stop models that feature occasionally binding constraints and endogenous growth. It shows how different assumptions regarding the nature and valuation of collateral alter the dynamics of crisis episodes and the welfare costs of pecuniary externalities. ...