Search For "real estate crisis"
China's real estate magnate Hui Ka Yan loses 93 per cent of his wealth
Updated : 3 years, 5 months ago IST
Once the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also finding himself increasingly isolated politically, with the latest signal coming from the Chinese People's Political Consultative Conference.
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Chinese govt faces crisis involving thousands of unfinished apartments ami
Updated : 3 years, 6 months ago IST
People are now refusing to repay their mortgages and price declines in the existing-home market are the sharpest in nearly a decade, according to Giuliani.
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India set to overtake China as property investment destination
Updated : 3 years, 7 months ago IST
The property price index has been growing steadily in India in the past few years. The All India House Price Index (HPI) published by the Reserve Bank of India (RBI) grew at an annual rate of 3.5 per cent for the quarter which ended in June (Q1: 2022-23), expanding 1.8 per cent compared w
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As the property market continues to slump in China, are property investors
Updated : 3 years, 7 months ago IST
Last week, the Chinese government released data which showed that new home prices fell at their fastest rate in over seven years, while property sales measured by floor area fell for a 15th straight month in October.
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China's economy keeping Xi awake at night, with trillions at stake!
Updated : 3 years, 8 months ago IST
As Chinese leader Xi Jinping kicks off his third term as general secretary of the Chinese Communist Party (CCP), Beijing is reeling under economic stress due to the real estate crisis and zero-Covid policy, deeply affecting its manufacturing units.
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China's economy in bad shape, road to recovery may be long
Updated : 3 years, 9 months ago IST
Beijing [China], October 8 (ANI): The Chinese economy is in trouble and the road to recovery may be a long one.
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Chinese companies net profit declines amid zero-Covid policy, real estate
Updated : 3 years, 10 months ago IST
Hong Kong, September 3 (ANI): More than 4,800 Chinese companies listed in Shanghai, Shenzhen and Beijing posted a decline in net profit as the zero-Covid policy and a real estate crisis take a toll on the country's listed companies.
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Real estate crisis in China can inflict bigger economic blow
Updated : 3 years, 11 months ago IST
Beijing [China], August 14 (ANI): The real estate slump in China has sucked in both banks and provincial governments, threatening a bigger impact on the world's second-largest economy, according to media report.
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Chinese real estate firm Evergrande ousts top executives after loans come
Updated : 3 years, 11 months ago IST
Beijing [China], July 24 (ANI): China Evergrande, the embattled Chinese property developer, has ousted its CEO and chief financial officer after authorities conducted an internal investigation into why bank seized over USD 2 billion from the firm's property services arm.
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Billionaire George Soros warns against investing in China amid real estate
Updated : 4 years, 5 months ago IST
London [UK], February 1 (ANI): Hedge-fund billionaire George Soros has warned against investing in China which is witnessing a decline in the real estate boom, citing the example of Evergrande which is finding it difficult to pay its debts in the face of government policies designed to curb
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Chinese property giant Evergrande suspends trading of shares in Hong Kong
Updated : 4 years, 6 months ago IST
Beijing [China], January 5 (ANI): China's property giant Evergrande Group Evergrande has suspended trading in Hong Kong as the heavily indebted company contends with an ongoing real estate crisis, CNN has reported.
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