China’s property developers posted their worst first-half earnings in over a decade, an outcome that will likely pressure stocks further even as the government boosts efforts to stabilize the sector. ( read original story ...)
China’s Economic Outlook Dulled By Fresh Property, COVID Woes
Persistent weakness last month in China's property market and manufacturing sector, which combined account for half of the country's gross domestic product, renews risks to its recovery already ... ( read original story ...)
China’s Largest Banks Show Wounds From Property Sector Crisis
BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as ... ( read original story ...)
China’s Largest Banks Show Wounds From Property Sector Crisis
BEIJING/SHANGHAI (Reuters) -Five of China's largest banks showed wounds from the ongoing property sector crisis, with bad debts linked to real estate surging in the first half of the year, even as ... ( read original story ...)
China’s ICBC says frozen property projects involve 637 million yuan of sour mortgage loans
BEIJING/SHANGHAI : Industrial and Commercial Bank of China Ltd (ICBC) said on Tuesday frozen property projects involved 637 million yuan of non-performing mortgage loans at the end of June. The ... ( read original story ...)
China’s August factory activity likely shrank amid COVID flare-ups, property crisis – Reuters poll
China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern ... ( read original story ...)
Loan woes, China’s troubled property market hits banks
Troubling news continues to flow from China’s property market as a series of mainland developers report sharp slowdowns and even reversals from last year’s robust first-half profits before the current ... ( read original story ...)