BEIJING - China's factory activity continued to struggle in September, while services slowed, as the country's economic recovery was challenged by lockdowns in major cities and an ongoing property ... ( read original story ...)
China property shares, bonds slump as CIFI default report adds to sector woes
Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted added to worries over the crisis-stricken real estate ... ( read original story ...)
Shanghai vows to promote delivery of homes, keep property market sound
China's commercial hub Shanghai said it will strengthen efforts to promote delivery of residential houses and ensure the steady and sound development of the property market, according to a local ... ( read original story ...)
Hong Kong Billionaire’s K. Wah Wins Shanghai Real Estate Bid, Sees “Excellent” Opportunity
K. Wah, though a subsidiary, will hold 60% of a joint venture in partnership with two state-owned companies to develop residential and commercial property in an area planned for artificial ... ( read original story ...)
Developers Poly, Longhua Join Forces to Buy Shanghai Plot in City’s Third Auction This Year
After 20 rounds of bidding and a starting price of CNY3.3 billion, Guangzhou-based property giant Poly and Shanghai-based Longhua beat three other bidders for the right to develop a more than 19,700 ... ( read original story ...)
To stimulate economy, Shanghai to begin $257 billion in construction
In an announcement, the Shanghai municipal government said the eight projects in Shanghai include a transport hub in its eastern Pudong area, urban railways and housing improvements, as well as ... ( read original story ...)
UPDATE 2-COVID-hit Shanghai unveils $257 bln in projects in infrastructure push
China's commercial hub of Shanghai on Tuesday announced eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), after the city was hit hard by COVID-19 lockdowns in ... ( read original story ...)