Search results
Results From The WOW.Com Content Network
In response, China's minister of housing and urban-rural development Ni Hong announced that the country will expand its "whitelist" of real estate projects and increase bank lending to 4 trillion yuan by year-end. China approved a total of 2.23 trillion yuan in loans to "whitelisted" developers.
An empty corridor in the mostly vacant New South China Mall. The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011, [1] while observing increased complaints that members of the middle class were unable to afford homes in large cities. [2]
China's housing bubble may be ready to pop if the government doesn't take measures to prevent it, some economists are saying. The impact on China's economy could be devastating and permanent, much ...
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.
An empty corridor in the mostly vacant New South China Mall, 2010. The Chinese property bubble was a real estate bubble in residential and/or commercial real estate in China. The phenomenon has seen average housing prices in the country triple from 2005 to 2009, possibly driven by both government policies and Chinese cultural attitudes.
China's housing crisis is much worse than the one in the U.S., according to a Chinese government minister, and given the scale of its pumped-up real estate bubble, suddenly deflating it could have ...
China’s soccer ambitions were built on the same real-estate bubble that 30% of the national GDP and four-fifths of household wealth are invested in. China’s soccer ambitions were built on the ...
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 ...