"Zombification" is increasing among property developers in China. Financially struggling companies are discontinuing construction projects before completion, highlighting that the Chinese property ... ( read original story ...)
Contagion fears spread as China property sector cash crunch intensifies
FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo (Reuters) -Turmoil at ... ( read original story ...)
China’s Shadow Banks Could Be Another Property Casualty
Missed payments from a well-connected trust firm come as China’s property market sinks again—and banks step back. ( read original story ...)
METALS-Base metals fall on China property worries, stronger dollar
Prices of most base metals fell on Monday on heightened concerns over China's property sector, once considered a pillar of its economy and a key consumer of metals, and on a stronger dollar. ( read original story ...)
China’s economic recovery faces fresh risks from property crisis
Data due on Tuesday expected to show only moderate rises in industrial output, retail sales and fixed-assets investment. Read more at straitstimes.com. ( read original story ...)
Once Asia’s richest woman, China property tycoon loses more wealth than any billionaire
Yang Huiyan, the once-richest woman in Asia, lost 84% of her wealth from its peak in 2021 due to the deepening debt crisis of her Chinese property dev ... ( read original story ...)
Are Chinese houses for speculation now? Property investors say no
By Liangping Gao, Ella Cao and Marius Zaharia BEIJING/HONG KONG (Reuters) - Shanghai businesswoman Kate Ren might have hoped that after Chinese leaders removed the slogan "houses are for living, not ... ( read original story ...)