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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.
Timing is everything in life and right now happens to be one of the worst times to be a home builder in China. After going on an aggressive building spree that sparked the Chinese economy, Reuters ...
China's blue-chip CSI 300 index rose 2% and the yuan firmed following the report. The property sector has been in a deep slump for years hit by a debt crisis among developers.
One of the key reasons for the Chinese mortgage boycott is a result of the previous high demand for housing. The rise of the middle-class in China since the early 2000s precipitated a substantial investment in property, with many channelling savings into real estate as given the widely-held perception of Chinese property as one of the most stable forms of investment, with house prices ...
The real estate market began to develop in earnest after 1998. [6]: 64 As of 2010, China's real estate market is the largest in the world. [7] [8] According to Bloomberg Economics estimates, the sector contributed to about 20% of China's GDP in 2023, [9] down from a peak of 24% in 2018.
Traditional Chinese house architecture refers to a historical series of architecture styles and design elements that were commonly utilized in the building of civilian homes during the imperial era of ancient China. Throughout this two-thousand-year-long period, significant innovations and variations of homes existed, but house design generally ...
Fitch currently ranks China as A+, meaning it considers Chinese debt to be of “high credit quality.” The country has held that status since 2007, making it one of Fitch’s “most stable ...
Urban planning originated during the urbanization of the Yellow River valley in the Neolithic Age, which began in China around 10,000 B.C. and concluded with the introduction of metallurgy about 8,000 years later, was characterized by the development of settled communities that relied primarily on farming and domesticated animals rather than hunting and gathering. [1]