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’...
China’s property crisis is a mixed picture with overwhelmingly dark shading, yielding benefits in a few areas but threatening far broader damage. Liu Jianguo, a 46-year-old teacher in the second-tier city of Guiyang, just bought a new apartment with help from his parents. He sa...
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...
文章末尾说的很好,看这篇文章的时候,SA也刚好推了个文章,标题是:China Property Crisis (Podcast)。因缺思厅。
China Takes Steps to Address Property Crisis Ahead of Third Plenum By Rachel Farmer May 22nd, 2024 Last week, the central government introduced nationwide measures to support the beleaguered property sector, including removing the mortgage...
Since the company's founding in 1996 by Hui Ka Yan, it has since accumulated more than $300 billion in debt, making it the world's most indebted developer. "As Evergrande teeters on the edge of default, collapse would have grave consequences for hundreds of thousands of property buyers and...
The city's strategy offers some hope in China's gloomy property market, yet signals of easing restrictions may suggest the crisis is catching up. Policymakers across the nation are observing closely. 生词 downturn /ˈdaʊntɜːrn/ n. 下滑,衰退 relaxed /rɪˈlækst/ adj. 轻松的...
Evergrande, the poster child for China’s property crisis,unveileda multi-billion-dollar restructuring plan last March. But that plan was derailed in September after Chinese authorities said the company’s founder and chairman Xu Jiayin was suspected of “crimes” anddetainedby the police. ...
And on the development side, new residential developments havefallen 58%from 1,515 million m² in 2019 to 637 million m² in 2023. Related Topics:chinareal estate boomreal estate crisisreal estate crashboomresidential buildingsapartment salescommercial property sales...
But the property crisis of recent years again weakened the firm, whose total debt was estimated at 226.4 billion yuan ($31.7 billion) at the end of 2023. Kaisa announced Tuesday that it had entered into a “restructuring support agreement” with creditors for a partial repayment of its debt,...