BEIJING, Jan. 17 (Xinhua) -- China's property market has good fundamentals for long-term sound development, Kang Yi, head of the National Bureau of Statistics (NBS), said on Wednesday. The official, when responding to a journalist's question regarding the sector's development trend at a p...
According to the latest data released by the central bank, new home mortgages increased 121.7 billion yuan in July, compared with 848.2 billion yuan in June. Overall, the domestic property market has been in a downturn this year, with some areas facing apartment delivery problems, NBS spokesperso...
BEIJING, Oct. 17 (Xinhua) -- China will introduce a slew of incremental measures to stabilize the property sector, Ni Hong, minister of housing and urban-rural development, told a press conference on Thursday. The government will step up support for urban village and dilapidated housing renovati...
Also on Friday, the MOF said on its website that it would extend tax preference policies for public rental housing until the end of 2025.He said that the extension of preferential tax and fee policies related to the capital market and housing sector will help further stabilize expectations and...
BEIJING, Aug. 25 (Xinhua) -- Relevant government departments of China unveiled a slew of measures on Friday to bolster the country's property sector. The Ministry of Housing and Urban-Rural Development announced that it is in favor of the re-adjustment of mortgage lending-related policies and...
China's property sector has encountered significant turbulence since 2020 when the government initiated measures to curtail excessive borrowing by developers and deflate the property bubble. Numerous Chinese developers have grappled with debt defaults, exacerbating concerns within the broader economy already ...
Weonlyassumean“L-shaped”recoveryinthepropertysectorincomingyears,takingintoconsiderationthe“housingisforlivingin,notforspeculation”policymantra,persistentweaknessinlower-tiercities,andstill-tightfinancingconditionsforprivatedevelopers,allofwhichmaynotreverseanytimesoon.Incorporatingthelatestmacrodata,weestimatethe...
Here's a quick bite on China's latest advancements in AI, space exploration, and the cruise liner industry. China's AI sector is thriving and now has over 4,500 enterprises, according to the Ministry of Industry and Information Technology. China's Shenzhou-18 spaceship has been moved to th...
Update: Last-Quarter Bounce Helps China Hit GDP Target but Challenges Remain In Depth: China’s Rising Local Government Bond Risks Spur Policy Changes China Expands Equipment Upgrade and Trade-In Subsidies by $11 Billion in 2025 China’s Services Sector Buoyed by Stronger Demand, Caixin PMI Shows...
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