Here is a list of the day’s latest China real estate news collected from around the web:
You have to hand it to China’s local governments: They don’t give up easily. According to the Shanghai Securities News, Beijing has told Shijiazhuang that it was not amused by the Hebei provincial capital’s plan to ease limits on the number of homes a family can buy.
Inflation slowed sharply in China last month as companies cut prices to cope with faltering demand, as the Chinese economy appeared to slow further, data released on Saturday morning showed. Prices rose less quickly at the consumer level and actually fell at factory gates across the country.
Apple was given approval to open new flagship stores in the Chinese cities of Shenzhen and Chengdu, according to local government officials. The Market Supervision Administration of Shenzhen Municipality said on its website that Apple has permission from June 6 to operate a retail facility in Shenzhen. It will be in the Yitian Holiday Plaza, a local shopping mall.
China’s factory output rose 9.6 percent in May from a year ago, data showed on Saturday, missing e x pectations and further entrenching concerns that the world’s second-largest economy may slip into its worse downturn in years. The Chinese central bank made a surprise move on Thursday, cutting both benchmark lending and deposit rates by 25 basis points to ward off a deep economic downswing.
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