New home prices in September fell 6.1 per cent year on year in 70 mainland cities, widening from a 5.7 per cent slump in August ... ( read original story ...)
China pumps half a trillion dollars into beleaguered property sector. But that’s not enough
Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal. ( read original story ...)
China Takes More Steps to Revitalize Property Sector
China will renovate an additional one million units of urban villages and dilapidated houses by providing monetary compensation to residents, Ni Hong said at a press conference. Given that the ... ( read original story ...)
China’s stimulus package fails to impress traders, markets in Shanghai and Hong Kong slip
The world’s number-two economy has struggled to recover since lifting strict Covid controls at the end of 2022, battered by a debt crisis in the property sector and torpid consumer demand ... ( read original story ...)
Asian markets rally, with eyes on China housing briefing
Asian markets rose Thursday as Chinese investors waded back ahead of a briefing in Beijing by the country's housing minister that fanned hopes for more measures to support the ailing property sector. ( read original story ...)
China’s stimulus promises bring property sector hope, rather than confidence
By David Kirton and Nicoco Chan SHENZHEN, China (Reuters) -Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder ... ( read original story ...)
Analysis-China’s stimulus promises bring property sector hope, rather than confidence
Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder but wants to hear more from the government before making a ... ( read original story ...)