All these positive signs would hardly make people draw the conclusion that the Chinese economy is experiencing some sort of a "crisis" in confidence or growth, as claimed by analysts who ignore facts or reporters wearing blinkers. The country's property sector, a focal point of these pessimistic...
Chinese Property Developer's Debt Struggle Rattles Investors More The Associated Press A man walks by a map showing Evergrande development projects in China, at an Evergrande city plaza in Beijing, Wednesday, Sept. 15, 2021. One of China's biggest real estate developers is struggling to ...
—The human cost of China’s property crisis(FT)
This crisis has intensified in recent weeks as homeowners across the country beganrefusing to pay their mortgagesbecause of stalled projects and unfinished homes. The country’s real estate woes threaten to upend its social stability—China’s middle class has long relied on property as its m...
Hundreds of thousands of buyers have halted mortgage payments on more than 200 unfinished property projects in China this week, aggravating aproperty sectorcrisis that has dragged down economic growth. The CSI 300 Banks index fell as much as 3.3 per cent on Thursday to its lowest level since Ma...
Shortly before Yi's remark, the PBOC released a statement on Monday that called for efforts to maintain steady financing to the real estate sector, including loans to property developers, construction firms and individual homebuyers. The country will support the reasonable extension of existing loans...
As China's financial sector becomes more integrated into the world economy, there is increasing interest in understanding the influence of the US housing crisis on the Chinese banks and its wider economy. To what extent is the Chinese banking sector exposed to the US subprime mortgage market?
dragged lower by information technology companies. The benchmark Shanghai Composite dipped 0.2 percent and the Shenzhen Component slid 0.7 percent. Hong Kong stocks, on the other hand, was in line with the rebound in global markets as fears of a crisis in the banking sector eased, with the ...
Shortly before Yi's remark, the PBOC released a statement on Monday that called for efforts to maintain steady financing to the real estate sector, including loans to property developers, construction firms and individual homebuyers. The country will support the reasonable extension of existing loans...
dragged lower by information technology companies. The benchmark Shanghai Composite dipped 0.2 percent and the Shenzhen Component slid 0.7 percent. Hong Kong stocks, on the other hand, was in line with the rebound in global markets as fears of a crisis in the banking sector eased, with the ...