China Pledges to Keep Curbs on Property Market – and more of Today’s China Real Estate Links | July 30, 2012

Here is a list of the day’s latest China real estate news collected from around the web:

• China Bank Regulator Pledges to Keep Curbs on Property Market

  China’s banking regulator said it will “decisively” enforce the government’s property curbs in the second half of this year and enhance risk management of real estate lending. The China Banking Regulatory Commission will seek to “more effectively” support stable economic growth, according to a statement on its website yesterday. The watchdog pledged to boost lending to key construction projects, small businesses and affordable housing.

• Betting on a Spending Boost, Investors Eye China’s Retail Space

  Even as China keeps a tight rein on the property sector, an expected boost in consumer spending is making the retail space especially attractive to investors, say market observers. A slowdown in the economy, which grew at its slackest pace in more than three years in the second quarter, has not dampened the outlook for domestic consumption. Consumption is estimated to rise to about 45 percent of GDP by 2015 from 36 percent last year.

• China’s Oil Demand Declines in June for First Time in Three Years

  China’s oil demand fell for the first time in three years in June with a 1.9 per cent drop year-on-year to 36.84 million metric tonnes, or an average of 9 million barrels a day, according to analysis from New York-based energy and metals information provider Platts yesterday based on government data.

This list is updated daily, so tune in again tomorrow for more up to date information, or subscribe to our daily email news digest to get this delivered to your mailbox.