Here is a list of the day’s latest China real estate news collected from around the web:
- By Selling Abroad, China Eases a Slump at Home
China’s General Administration of Customs announced on Sunday that exports had surged 15.3 percent in May from a year earlier, twice as fast as economists had expected and vaulting May past last December as the biggest month ever for Chinese exports. China’s trade surplus has expanded in each of the last three months.
- Chinese developer Greentown soars 36 pct on Wharf stake
Shares in debt-laden Greentown China soared as much as 36 percent on Monday morning after Hong Kong conglomerate Wharf Holdings announced plans to acquire a stake in the Chinese home builder. Cash-rich Hong Kong developers are keen to take advantage of distress in mainland China after two years of restrictions on home buying there.
- 5+design Reimagines Retail for Beijing’s China World Trade Center
China World Trade Center in Beijing, arguably China’s premier mixed-use destination is about to be transformed as construction is slated to begin on 5+design’s update and expansion of the retail components of the. The Phase 3B expansion project will provide a new anchor for the existing China World Mall with a mix of the tenants and venues targeted to the full range of mid-market shoppers.
- Why China’s May Data Is So Bullish for the Economy – Asia Business News – CNBC – CNBC
The latest set of data on China’s economy released over the weekend indicate that authorities’ easing measures are working, with economist pointing to strong internal demand and investments as signs the country is avoiding a sharp slowdown feared by many in the markets. Investors were spooked last week after China’s central bank cut interest rates for the first time since the global financial crisis in 2008, and analysts predicted China would report weakening growth in May.
- China ex-adviser tips 2012 consumer prices up 3%
The consumer price index–China’s primary gauge of inflation–is likely to rise 2.6% in the June-October period from a year earlier, and the full-year CPI growth for 2012 is expected at 3%, the state-run China Securities Journal reported Monday, citing a former adviser to the country’s central bank.
- China May Factory Output Rose Only 9.6% Over 2011
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.
- Inflation Slows in China as the Economy Continues to Weaken
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.
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