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China new home prices growth likely flat in 2023, dragging on economy: Poll

BEIJING: China's new home prices will likely show no growth this year, according to a Reuters poll, highlighting the intense pressure in the crisis-hit property sector that has put a choke-hold on the economy and left policymakers in a scramble to restore confidence. The expected 0 per cent year-on-year gr
Wang Xingping Xing Zhaopeng Fitch Bohua Gao Yuhong Pengyuan Credit Rating Ma Hong At Zhixin Investment Research Institute

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China new home prices growth to narrow in 2023: Reuters poll

BEIJING : China's new home prices will see a slower growth this year, according to a Reuters poll, suggesting pent-up demand after the country's economic reopening is fading though a slew of stimulus policies boosted confidence.New home prices are expected to rise 1.4 per cent year-on-year in 2023, slowin
Wang Xingping Chuang Yu Fitch Bohua Huang Yu At China Index Academy China Index

Chinese Media Outlet 'Global Times': Russia's Gazprom Will Export Natural Gas To China And Receive Payment In Rubles And Yuan Instead Of Dollars

On September 7, 2022, at the Eastern Economic Forum plenary session, Russian President Vladimir Putin announced that Russia's Gazprom and its Chinese partners had decided that China would pay Gazprom for natural gas with 50% Russian rubles and 50% Chinese yuan, instead of with U.S. dollars. "It is in front of our eyes that the dollar, euro, and pound sterling have lost trust as currencies suitable for performing transactions, storing reserves, and denominating assets.
Chong Tao United States Wang Xingping Sakha Yakutiya Andrey Kostin Vladimir Putin
Source: memri.org

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