Sun Hongbin is trying to prevent Sunac from suffering the same fate as China Evergrande Group and other developer rivals that have spiraled into default following government-imposed curbs on borrowing ... ( read original story ...)
China’s Covid strictures scupper hopes of property revival
Li Huixiang, a property broker in the central Chinese city of Zhengzhou, had been looking forward to a bumper March. In an effort to boost the city’s flagging property sector and the local economy ... ( read original story ...)
How the Lockdown Is Remaking Shanghai Neighborhoods
Sociologist Sun Zhe has studied Shanghai community organizations for over a decade. He believes the ramifications of the current lockdown will be felt far into the future. ( read original story ...)
Shanghai allows millions to leave their homes as lockdowns hammer growth prospects
Chinese health officials have allowed 4mn Shanghai residents in the financial hub to leave their homes after weeks of confinement, as the country’s rigorous lockdowns weigh on its growth prospects. Wu ... ( read original story ...)
GDP growth of 4.8% in Q1 is hard won amid lockdown of Shanghai
However, if the government wants to realize the 5.5 percent GDP growth set at the beginning of the year, it needs to immediately gear up effort to drastically reduce the COVID19 infections in Shanghai ... ( read original story ...)
Shanghai reports first COVID deaths since citywide lockdown
Shanghai reported its first deaths as the biggest COVID-19 flareup China has faced during the pandemic prompted more cities around the country to impose restrictions on their residents. Three people ... ( read original story ...)
Property Easing Seen Insufficient for Sales: Evergrande Update
Easing property curbs may do little to brighten the outlook for Chinese residential sales as weak home-buyer confidence remains a key hurdle, with Covid’s spread adding extra near-term threats, ... ( read original story ...)