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Ting Lu, chief China economist at Nomura, who has called the country’s housing problem “epic,” says just finishing construction of pre-sold homes would require at least 3.2 trillion yuan ($442...
Once the economic backbone by which hundreds of million Chinese went from poverty to the middle class, the industry is now seeing slumps in the value of real estate that threaten not only household...
Such a wave of bankruptcies would endanger the Chinese financial system, especially the unregulated “shadow banks” that have aggressively invested in China’s housing bubble.
The property sector started to stall after Beijing, worried about a housing bubble and its impact on the financial system, rolled out a series of rules in 2020 aimed at curbing the excessive...
Beijing wanted to cool its housing market, but created a bigger problem, as the fallout from debt-laden developers and sinking sales spreads to the broader economy.
China’s robust growth, one of the fastest sustained expansions for a major economy in history, was propelled for decades by a housing boom fueled by a rising population and urbanization.
The country’s traditionally strong housing market has been affected by a funding crisis that has seen development paused and led to buyers refusing to pay their mortgages.
China’s housing market was already inflated and might have crashed even without the tougher policy, some analysts believe, after home prices soared over the past quarter century.
In August 2020, the Chinese government — spooked over the spectre of a debt-fuelled property bubble — imposed “three red lines” on developers to restrict their capacity to add to already ...
China’s bursting housing bubble is doing more damage than official data suggest. China's real estate crash is threatening to drag down the economy. Judging by China’s official statistics,...