Here is a list of the day’s latest China real estate news collected from around the web:
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China’s Developers Buying More Land as Real Estate Revives
In yet another sign that China’s real estate watchers believe that the latest economic stimulus will pump up housing prices despite policy restrictions, China’s property developers are jumping back into the land market. After government land auctions so few takers earlier this year, in recent weeks China Vanke Co., Evergrande Real Estate Group, Agile Property Holdings and Central China Real Estate have all bought new sites at land sales.
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China’s Stocks Fall to 6-Month Low After Imports Trail Estimates
China’s stocks fell, dragging the benchmark index down to a six-month low, after a government report showed imports rose less than anticipated in June while export growth slowed.Shenzhen Chiwan Wharf Holdings Ltd. led a decline for port operators as a gauge of export orders showed a contraction for the first time since January, suggesting that overseas shipments may slow in coming months.
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Denny’s Expanding Global Franchising Presence to China
Denny’s Corporation today announced that it has signed an agreement with Great China International Group (GCIG) for the development of 50 new Denny’s restaurants in southern China over the next 15 years. GCIG has exclusive rights to open units in six Chinese provinces including Guangdong, Fujian, Guizhou, Jiangxi, Chongqing, and Sichuan. The Company expects the first restaurant will open in 2013.
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China’s inflation rate slows sharply as demand slides
Consumer inflation fell sharply to 2.2pc from 3pc in May, data from the National Bureau of Statistics showed. It was the lowest since the beginning of 2010.
“Consumer price inflation tumbled last month. Underlying price pressures are weak and will be no constraint to further policy easing,” said Mark Williams, chief Asia economist at Capital Economics. -
Inflation in China hits 29-month low on slowing economy
Inflation in China grew at its slowest pace in nearly 2 1/2 years in June, likely paving the way for more monetary loosening as the world’s second-largest economy tries to avert a sharp slowdown in growth.Consumer prices edged up 2.2% from a year ago, slower than May’s year-on-year increase of 3.0%, China’s National Bureau of Statistics said Monday.
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