China's retail sales—a proxy for consumption—and services were bright spots in the third quarter's economic data. ( read original story ...)
China’s economic ‘risks will intensify’ in 2024, with EVs, property market, local government debts clouding prospects
China is on course to hit its 'around 5 per cent' economic growth target for 2023, but many institutions have cut their 2024 forecasts to 4.4 per cent or lower Beijing urged not to set China's 2024 ... ( read original story ...)
Stocks, bonds in China’s Gemdale dive on property crisis fears
Stocks and bonds of Chinese property developer Gemdale plunged on Tuesday after the resignation of its chairman, as investors took no chances amid the deepening debt crisis in the country's real ... ( read original story ...)
China’s Gemdale sees stocks and bonds dive, latest firm affected by property crisis fears
China's Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, becoming the latest major property developer to be caught up in anxiety over the crisis in the country ... ( read original story ...)
Shanghai Raises USD2.7 Billion in Latest Land Auction
(Yicai) Oct. 13 -- Shanghai authorities have raised CNY19.7 billion (USD2.7 billion) from auctioning the land-use rights for seven plots in the city at an average premium of about 6.7 percent. ( read original story ...)
Shanghai Gets USD2.7 Billion From Latest Land Auction
(Yicai) Oct. 13 -- Shanghai has completed a new round of land auction, selling all seven parcels of land offered on a premium of on average around 6.7 percent for a total of CNY19.7 billion (USD2.7 ... ( read original story ...)
Is the next subprime crisis brewing in China’s property market?
The slowdown in China's asset-backed securities is raising fears of a repeat of 2008, when the complex, opaque products triggered a domino effect China's potential trouble could start with the ... ( read original story ...)