Stay updated with breaking news from Property Sector. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Chinese authorities are facing street protests from fearful depositors as the country's property market meltdown hits the banking sector.
More than 80% of local government financing vehicles do not have enough operating cash to cover interest payments on their debt, says UBS estimates. These entities are state-owned companies set up to finance infrastructure projects including highways and bridges.
China's economic troubles are the result of a major debt bubble that first began in 2008, according to top economist Kenneth Rogoff.
Existing home sales and inventory of homes on the market have plunged in the last year, deepening affordability issues spurred by high mortgage rates.
Growth forecasts come back as well. a very confusing and disappointing message today. many might argue that cutting the interest rate is not necessarily the right solution, often it is the lever reached for in times of economic depression is aware but at a time when you have so many big developers in china, the likes of ever grand, country garden at risk of going out of business, unable to finish you apartment blocks and cutting the cost of borrowing is unlikely to get investors to put on a apartment which may never be finished.— put on a apartment which may never be finished. many people ar...