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China will improve home sales in a forceful and orderly way, said Minister of Housing and Urban-Rural Development Ni Hong on Saturday, as weak demand in the country's beleaguered residential property...
China still faces structural employment issues and the pressure on jobs has not eased, the country's human resources minister said on Saturday, as the slowing economy braces for another record...
BEIJING (Reuters) -Chinese President Xi Jinping promised to encourage Chinese firms to invest in minerals-rich but economically ailing Sierra Leone as part of Beijing's long-term drive to deepen economic and political ties with Africa. China has always regarded cooperation with African countries as a cornerstone of its foreign policy, Xi told visiting Sierra Leone President Julius Maada Bio in Beijing on Wednesday. Bio, who is accompanied on this visit by his finance and mining ministers, is hoping to attract more Chinese firms to the West African state and secure investment pledges to ...
New home prices in China are likely to fall this year due to limited effect of ongoing government support measures, a Reuters poll showed, with economists predicting the ailing market will need...
The poll, conducted Feb. 20-28, showed new home prices would decline 0.9% in 2024, versus 1.1% growth tipped in a previous poll in November. The property sector was once a key pillar of the world's second-largest economy but has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage triggered a liquidity crisis. "Progressive policy relaxation will reduce the market's sensitivity to policies, because homebuyers may worry that if new policies are introduced after purchasing a house, there will be a certain loss," said Fitch Bohua senior ...