But for the first time ever people across China are halting mortgage payments on such homes in protest. Buyers have stopped payments on at least 319 projects in 93 cities, according to documents that ... ( read original story ...)
China, Hong Kong stocks fall as COVID, property woes douse excitement over Didi probe end
China and Hong Kong stocks fell on Thursday, as worries over fresh COVID-19 outbreaks and mortgage-payment boycott overshadowed gains in tech shares on the conclusion of a cybersecurity probe into ... ( read original story ...)
China, HK stocks fall on COVID outbreaks, property sector worries
Meanwhile, Shenzhen vowed to “mobilize all resources” to curb fresh outbreaks, ordering strict implementation of testing and temperature checks, and lockdowns for COVID-affected buildings. ** Chinese ... ( read original story ...)
From property to lockdowns, what to watch in China’s second half
SHANGHAI: China’s economic outlook for the second half of this year will be determined by the government’s shaky control over coronavirus outbreaks and the property market. ( read original story ...)
Yuan flat as COVID outbreaks, property sector woes hurt outlook
China's yuan was roughly flat against the dollar on Tuesday, as traders took stock of the economic impact from fresh COVID-19 clusters and government efforts to support the struggling property sector. ( read original story ...)
Yuan rebounds from 2-month low, investors eye Fed, China property crisis
China's yuan recovered from last week's two-month low on Monday, as the central bank guided it higher amid tempered investor expectations about a more aggressive Federal Reserve rate hike this month. ( read original story ...)
China growth falls to two-year low on Covid, property woes
China logged its slowest economic growth since the initial Covid outbreak Friday, expanding just 0.4 per cent in the second quarter with lockdowns and property market weakness pushing the government’s ... ( read original story ...)