Today’s China Real Estate Links | March 6, 2012

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

• China cuts growth target to 8-year low, to boost consumption

  Chinese Premier Wen Jiabao cut his nation’s 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year’s first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.

• China Vanke Borrows 1B Yuan

  China Vanke borrowed one billion yuan from China Resources Trust to invest in two developments in Dongguan, Guangdong, and one project in Anshan, Liaoning, reports 163.com, citing a company filing. The term of the loan is two years.

• S&P lowers Yanlord rating to ‘BB-‘ on weak sales

  Standard & Poor’s Ratings Services lowered its long-term corporate credit rating on China-based property developer Yanlord Land Group Ltd. to ‘BB-‘ from ‘BB’.

• Chinese banks offer lower rates for first-home buyers: report

  Chinese banks have begun offering preferential loan rates for first-home buyers, the official China Securities Journal said on Monday, signaling that Beijing is relaxing its grip on the property sector after a near two-year clampdown.

• HSBC China services PMI hits 4-month high in Feb

  China’s services sector ran at its fastest pace in four months in February, though well-below its long-term trend despite an uptick in new business growth to an eight-month high, a private-sector survey of purchasing managers showed on Monday.

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.

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