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 broader economy is showing signs of stabilisation with economic figures showing quickening growth in industrial output and retail sales. However, analysts say a series of supportive policies have yet to firm up the crisis-hit property sector with major Chinese developers still fighting to av...
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...
the technology hub across the border from Hong Kong, has relaxed some of its restrictions. Yet property prices are still down 1.8% year-on-year. One explanation for this is sweeping layoffs in the city’s tech sector. Another is that Chengdu’s policies are more effective because they...
As the Chinese property crisis deepens, a new round of bank-led rescue efforts is on the horizon. While banks must shoulder part of the blame for the crisis, their options for action are limited. China’s real-estate sector has been in turmoil since the momentous default of property de...
Title: China’s debt bubbles and property-sector fatigue are driving risk of economic failure, Summary: As the US Congress debates the federal debt ceiling, the lingering effects of China’s property sector crisis remain in the spotlight. T
“We believe Beijing is headed in the right direction with regard to ending the epic housing crisis,” Nomura’s Chief China Economist Ting Lu said in a report Monday. “Beijing has already pivoted from building public housing to ensuring the delivery of numerous pre-sold homes to reb...
Foreign investments in real estate pour into southern Vietnam, plus additional news South Vietnam’s foreign capital influx, fixing China’s economic crisis, events to boost Australian hotel demands Australia China Vietnam News,Property Report ...
Meanwhile, the real estate crisis has started to spill over into the wider financial system because of the exposure of shadow banks to the sector. “Given all of these impending solvency issues, Evergrande’s creditors will likely face a near wipe-out. All of which contributes to the ...
China has slashed its mortgage lending rate for the second time this year as the country’s central bank seeks to limit the fallout from a liquidity crisis in the property sector. The five-year loan prime rate was lowered to 4.3 per cent from 4.45 per cent on Monday, exceeding the median...