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...
Chinese lenders are still facing challenges such as narrow margins and low loan rates, despite Beijing's efforts to revive the economy amid a property sector crisis and sluggish consumption. Rural commercial banks, whose role is to lend money to support small businesses, are no...
Over the past decade, both the mortgage market and real estate sector have experienced a dramatic growth. The current financial crisis, which started in 2008 and significantly affecting the whole banking industry, has been attributed largely to the excessive growth of the mortgage and property ...
The government has yet to say what it might do about Evergrande, one of China's biggest private sector conglomerates, but financial analysts say Beijing is likely to intervene, especially to protect households that bought unfinished apartments. An outright default might dent consumer confidence...
China’s economy has had a bumpy ride throughout 2022. Almost three years into the Covid-19 pandemic, headwinds including the worst outbreaks and a prolonged property sector crisis continued to put a brake on growth. China’s GDP has expanded 3% in 2022, well below the target set earlier ...
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...
In China, however, a near freezing of the IPO market this year and declining sources of capital in an economy hobbled by a property crisis and struggling for growth has given rise to reimbursement requests, threatening many startups' existence, executives said...
A study of ethnic Chinese businesses, which dominated the Malaysian housing sector, show that the severe impact was primarily on businesses that were over-leveraged and/or that speculated on housing in the expectation of reaping quick returns. They were small compared to the large property ...
Vice Premier urges control on property development in Xiongan All eyes on first Xi-Trump meeting Looking back at visit by Xi to Sunnylands Security preparation for Xi-Trump meeting Chinese, Finnish officials ink cooperative deals China firmly opposes India's invitation to the Dalai Lama Finnish Par...
At the same time, an uptick in newly announced greenfield investments suggests that the precipitous decline in Chinese investment since 2016 may be levelling off, as investment in the electric vehicle (EV) sector continues. 1.1. Greenfield investment keeps Chinese FDI levels afloat The make-up of...