But I function well here in Shanghai," said the 51-year-old Canadian scientist. Like the majority of Chinese people, he is heavily reliant on WeChat, China's most popular messaging app, with ... ( read original story ...)
Analysis-Chinese property developers on tenterhooks ahead of Communist Party Congress
Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song/ ... ( read original story ...)
China Property Debt Woes Deepen as Developer Faces $9.14 Million Payment Test
A Chinese developer that until recently was able to access state-backed funding faces rising concerns as a bond payment comes due, underscoring authorities’ challenge to staunch a property debt crisis ... ( read original story ...)
Cifi defaults on bond, triggering sell-off of developers, fears Chinese property debt crisis is spreading
Cifi Holdings’ first offshore bond default sparks fears that the debt crisis gripping China’s property sector is spreading to developers previously deemed financially sound. ( read original story ...)
China’s CIFI misses offshore interest payments due to remittance delay
Shanghai-based property developer CIFI Holdings said in a Thursday filing it did not meet certain offshore scheduled interest and amortisation payments due to delay in remittance during an extended ... ( read original story ...)
After COVID lockdown, eyes on Shanghai chief at party congress
Once seen as a sure bet for elevation to China's elite Politburo Standing Committee or even as the country's next premier, Li Qiang's glide path to the upcoming Communist Party Congress was buffeted ... ( read original story ...)
China’s home prices likely to keep dropping as investors lose confidence in economy, central bank survey finds
"People are less confident in buying homes, and many potential buyers are taking a wait-and-see attitude," said You Liangzhou, who owns Baonuo, a property agency in Shanghai. "Developers and ... ( read original story ...)