Xinyuan Real Estate Co., Ltd. (NYSE: XIN) announced last week that it had that it had committed RMB 1.29 billion ($213 billion) to acquire new land in Chengdu and Sanya. The acquisitions by the New York Stock Exchange-listed developer come… Read More>>
29 Months of Falling Home Prices Bring Chinese City to the Brink
Wenzhou, the wealthy port city in eastern China’s Zhejiang province, was once famous for its savvy real estate speculators. Now, however, this centre for the country’s new wealth has become noteworthy for the ongoing slide of its real estate market.
Vanke Boss Wang Shi Says China’s Entrepreneurs Need to Lead
Vanke founder Wang Shi is offering advice for Chinese society, and his recommendation is that the country’s entrepreneurs need to play a bigger role in deciding the country’s future.
Since resigning as CEO of China’s largest real estate developer in… Read More>>
Producer Index Shows China Inflation Headed Down
China’s producer price index (PPI) contracted 1.6 percent year on year in January, following a 1.4-percent drop in December, data from the National Bureau of Statistics (NBS) showed on Friday.
The index, which measures inflation at the wholesale level, has… Read More>>
China Shadow Bank Assets Up 46 Percent in 2013 to US$1.8T
Assets under management by China’s trust industry grew by 46 percent during 2013, as the industry — and seemingly the nations’s investors managed to shrug off the potential for default in the country’s loosely regulated shadow banking industry.
The China… Read More>>
Revenues Down 8.7 Percent as CapitaMalls Slows China Expansion
Revenues for Singaporean retail developer CapitaMalls Asia dropped 8.7 percent during the fourth quarter of 2013, due mainly to a slow down in China, the company said in a statement this week.
According the most recent financial results for the… Read More>>
China’s Export Surplus Jumps 14 Percent in January
China’s trade surplus jumped 14 percent year-on-year in January to $31.86 billion amid signs of slowing economy, data showed Wednesday.
January exports rose 10.6 percent year-on-year to $207.13 billion U.S. dollars while imports increased 10 percent to $175.27 billion, the… Read More>>
China Statistics Bureau Vows to Crack Down on Fake Numbers
China will step up efforts to investigate and punish any cases of falsified statistics, the country’s chief statistician said in remarks published on Wednesday, highlighting the issue of reliability of Chinese data.
The accuracy of economic statistics in general in… Read More>>
China’s Tighter Loan Market May Be Slowing Down Home Sales
Higher mortgage rates and vanishing loan discounts may make it harder for China’s real estate developers to sell homes this year, as the government continues to rely on financial sector restrictions to slow down the real estate market.
Without introducing… Read More>>
Rule Changes May Bring Back High-End Home Sales in China
A change in rules restricting pre-sale of luxury housing in China is likely to drive more high-end transactions in 2014, especially as China’s wealthy individuals confront policies that limit the quantity of homes they can purchase.
As part of… Read More>>
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