Search results
Results from the WOW.Com Content Network
An empty corridor in the mostly vacant New South China Mall. The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011, [1] while observing increased complaints that members of the middle class were unable to afford homes in large cities. [2]
The same day, official figures showed real estate output in China was down 1.6% in the third quarter year on year, the first time it has been negative since the start of the pandemic. [ 43 ] On 20 October 2021, the National Bureau of Statistics of China published data indicating that home prices had fallen month-on-month for the first time ...
China’s massive real estate sector fell into trouble after the government clamped down on excessive borrowing by developers in 2020 in an attempt to cool the property bubble.
The Chinese Mayor (Chinese: 中国市长), original title Datong (大同), is a 2015 documentary [1] that follows Datong mayor Geng Yanbo's efforts to transform one of China's most polluted cities into a cultural destination, in large part by displacing 500,000 residents (about 200,000 homes demolished) to reconstruct the 14th century Ming Dynasty walls of the Old City.
To many observers, the Chinese property market has been exhibiting signs of a bubble. "In Beijing," reports Time magazine, "vast swaths of commercial space sit vacant -- including floors of retail ...
According to Chinese Minister of Housing and Urban-Rural Development Ni Hong, “real estate companies that are seriously insolvent and have lost the ability to operate … must go bankrupt.”
In 2022, real estate trust defaults totalled 93 billion yuan ($13.1 billion), up slightly from 91.7 billion yuan ($12.9 billion) in 2021, according to Chinese data provider Use Trust.
2020s commercial real estate distress was a worldwide spike in commercial real estate distress that began in the 2020s in the wake of the COVID-19 pandemic and interest rates hikes by central banks in response to the 2021 inflation crisis. Although the increase in distress occurred globally it was most acute in the United States and China.