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...Citi analysts said there was little new on efforts to shore up the property sector, which many economists see as the core of China’s economic slump....
...from a range of economic activities, including purchasing aeroplane tickets and making payments through mobile apps such as Alipay and WeChat Pay, representing a further drag on an economy plagued by a property...
...Sun Guofeng, head of the central bank’s monetary policy department, has been under investigation since May 2022....
Urban China Initiative counselled Beijing on cutting-edge technologies in preparation of Five-Year Plan
...“Actual home price falls are far bigger than NBS numbers,” said Liu Yuan, a Shanghai-based researcher at Centaline Property Agency....
...With additional reporting by Cheng Leng in Hong Kong, Ryan McMorrow in Beijing and Sun Yu in New York...
...The meeting comes as China’s economy has been struggling to regain its footing, with a deep property slump undermining domestic demand and trading partners complaining that cheap Chinese exports are threatening...
Emerging market specialist profited a year ago from real estate and has bought in again after sell-off
TikTok bill in Washington impedes path to exit investments after IPO market fizzles
...Property developers in China typically sell homes before they are completed....
...Why The house was designed by architect Antonio Attolini Lack and its planes of yellow, blue and terracotta create different shapes as the sun moves during the day....
...Shadow financing in China frequently flows into property groups....
...It is not just stocks hitting fresh highs, but local property prices too....
Portfolios are being adjusted as tensions and state intervention weigh on Chinese stocks
...Two funds backed by the PBoC to funnel Rmb240bn into stalled property projects and affordable nursing homes have deployed only Rmb7.2bn since beginning in June....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...This has raised concerns for the recovery of the world’s second-largest economy, which has failed to revive consumer sentiment as it contends with a long-running property sector slowdown and weaker exports...
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...Lan’s arrest in 2022 triggered a slowdown in the property market and corporate bond activity....
...China Construction Bank, the country’s largest mortgage lender, has worked closely with CDB to provide property rescue loans....
...The amendment will require the justice secretary to publish a report on the “readiness of the courts” before section 21 is removed, according to Young’s letter, first reported by The Sun....
...More than a quarter of China’s economic activity is linked to property, but many indebted developers are struggling....
...Bad loans in the property sector accounted for 18.6 per cent of Everbright’s total non-performing assets as of the end of 2023, up from 15.6 per cent a year earlier....
...Frank Liang, general manager of C Sun, said his company was seeking to expand to Thailand and Malaysia, while also considering Japan....
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