Copper prices in Shanghai fell on Wednesday as a firm dollar and concerns around China's property market weighed on sentiment, while slowing industrial profit declines lent support. ( read original story ...)
Chinese social media censored a top economist for his bearish predictions. He now warns that China’s property crisis will take a decade to fix
“Fixing the property sector may be a multi-year or even a decade’s work in front of us,” Hong Hao, chief economist for Shanghai-based hedge fund Grow Investment, said on CNBC on Tuesday. That will ... ( read original story ...)
Chinese property developer Seazen to sell Changzhou Hengxuan for $187 mln
Seazen Group said on Tuesday Asian investment firm PAG's subsidiary had agreed to buy the Chinese property developer's business, which controls Shanghai Xingyi Cinema Management, for 1.37 billion yuan ... ( read original story ...)
METALS-Most Shanghai base metals fall on firm dollar, property concern
Most metals futures were trading lower in Shanghai as a firm dollar and concerns in the Chinese property market weighed on risk sentiment. ( read original story ...)
Bitcoin gains legal recognition in Shanghai despite China’s crypto ban
Supporting this perspective, a Shanghai court recognized Bitcoin as virtual property in May 2022, thereby strengthening legal rights for cryptocurrency in China. Despite China's official stance ... ( read original story ...)
Chinese Property Woes Continue to Pile Pressure on Asian Markets
Problems across the property sector in the world’s second-largest economy continue to be a headwind for Asian markets, with more woes from Chinese real estate group Evergrande ushering in a selloff to ... ( read original story ...)
Asian Shares Mixed Amid China Property Concerns
Asian stocks ended mixed on Monday as concerns about China's property market returned to the fore and investors awaited inflation ... ( read original story ...)