Search For "real estate crisis"
Chinese vehicle sales continue to decline for third consecutive month
Updated : 1 year, 6 months ago IST
China's automotive sector is grappling with a significant revenue decline, with vehicle sales falling for the third straight month in August. Data from the China Association of Automobile Manufacturers (CAAM) shows a 5 per cent year-on-year decrease in new vehicle sales, reaching 2.45 millio
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Think tank highlights China's economic woes amid real estate crisis, reduc
Updated : 1 year, 6 months ago IST
The Chinese economy has continued to struggle throughout the year, showing no hopes of a strong-paced post-pandemic recovery which was predicted by many analysts. The reopening boom after Covid never became real for China.
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China's real estate crisis: Shanghai-based property giant Shimao Group fac
Updated : 1 year, 11 months ago IST
Amid the real estate crisis in China, another Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank.
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China's one-way real estate boom under doubt as buyers show lack of intere
Updated : 2 years, 5 months ago IST
The housing crisis has posed a major challenge for China's political leadership. Even when the financial markets are questioning the future of China's economy and households are abandoning their faith in the Chinese Communist Party's promise of a better economic future.
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IMF cuts China growth forecast amidst its real estate crisis
Updated : 2 years, 5 months ago IST
Many emerging market economies proved quite resilient and surprised on the upside, with China an exception, which was facing growing headwinds from its real estate crisis and weakening confidence, IMF noted in its latest World Economic Outlook report, released on Tuesday.
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China: Real estate crisis exposes reality of Beijing’s property boom
Updated : 2 years, 7 months ago IST
The property crisis in China, which has led to billions of dollars flowing out of the country, is not just Beijing’s own making but has also exposed the ‘reality’ of Beijing’s property boom, New York Times reported.
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Evergrande's bankruptcy signals beginning of China’s real estate crisis: E
Updated : 2 years, 7 months ago IST
The filing for bankruptcy by Evergrande, Chinese real estate giant signals the beginning of Beijing’s real estate crisis, CNN reported on Friday.
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China’s exports fall again, impeding Its economic recovery
Updated : 2 years, 7 months ago IST
After the United States, China has the second-largest economy in the world, and its exports have now plummeted three months in a row, while imports have fallen five months in a row. The figures are a reflection of weakening domestic and foreign demand for Chinese goods, a real estate crisis,
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China needs to reconsider its economic focus, turn towards agriculture ami
Updated : 2 years, 11 months ago IST
While the idea of shifting focus towards agriculture may seem like a good solution to China's economic woes, it is important to note that there are significant challenges in this sector as well.
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China's economic growth declines amid unrealistic goals
Updated : 2 years, 11 months ago IST
China's unrealistic goals are hurting its economic growth prospects and it has backed off its yearly economic growth target resulting in pummelled consumer spending, manufacturing and trade.
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China's economic slowdown can generate ripple effects across world: Report
Updated : 3 years, 1 month ago IST
The sharp decline in the Chinese GDP growth in 2022 was blamed on a host of factors mainly China shutting itself from the outside world due to zero Covid policy. The slow pace was blamed mainly on the strictly implemented zero-Covid policy leading to periodic lockdowns and the ruling Communi
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US dollar gains strength as Chinese Yuan depreciates amid its shrinking ec
Updated : 3 years, 1 month ago IST
Notably, in the wake of the Covid-19 pandemic, people see the dollar as the safe place to put their money in, avoiding risks; not the Chinese Yuan.
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