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Chinese stocks closed down on Tuesday as traders awaited key inflation data from major economies this week for clues on the path for interest rates, and weighed the effectiveness of China's latest... -May 28, 2024 at 05:12 am EDT - MarketScreener
Chinese stocks declined on Tuesday as traders awaited significant inflation data from major economies to gauge future interest rate trends. Key U.S. inflation figures are due Friday. Meanwhile, Shanghai relaxed certain housing policies in a bid to stabilize its property market, but market sentiment in top-tier cities remains uncertain.
Staff reporter and agencies China's major southern city of Guangzhou has cut the downpayment ratio to as low as 15 percent for first-time b...
China grapples with a colossal housing crisis, with millions of unoccupied apartments and unfinished developments, threatening its economy. Beijing's plan involves massive state intervention, buying unsold properties and converting them into social housing. However, doubts still persist about its adequacy and efficacy, raising concerns about the broader economic impact on China
CHINA has a housing problem. A very big one. It has nearly 4 million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia.