Here is a list of the day’s latest China real estate news collected from around the web:
- Fashion Label Paul Smith Plans Shanghai Megastore in China Entry
Paul Smith Ltd., the British fashion label worn by celebrities David Beckham, George Clooney and Jude Law, is planning a flagship store in Shanghai to enter mainland China as the clothing market surges. The brand will set up a 5,000 square-foot (465 square- meter) location in Shanghai in December, and add 24 shops in China over the next five years.
- Economists Expect China to Broaden Stimulus
A decision by China’s central bank to loosen monetary policy is not an antidote by itself for emerging weakness in the Chinese economy and is likely to be just the start of a broader program of economic stimulus by the government, economists said on Sunday.
- China’s easing aimed at housing market
Concerns of a collapse in China’s housing market may have been foremost in the minds of Beijing policy makers as they sought to pump up bank lending with a cut to reserve ratios, according to analysts citing very weak data for the sector. The People’s Bank of China announced on Saturday it plans to lower then the ratio of reserves bank must set aside as deposits at the central bank by a half percentage point, effective Friday. See report on China’s bank-reserves cut.
- China Growth Seen at 13-Year Low by Pimco
China’s slowdown may deepen as policy makers unwind the excesses of a record credit boom while gradually stepping up stimulus, leaving 2012 growth at the weakest in 13 years, Pacific Investment Management Co. says. “The economy is unlikely to bottom until the third quarter,” Ramin Toloui, Pimco’s global co-head of emerging markets portfolio management in Singapore, said in e-mailed comments yesterday. “Policy makers will progressively turn the dial toward more stimulus, but not in the aggressive manner of 2009,” restrained by the goal of tempering the credit-fueled property market, he said.
- China Lower Bank Requirements as Real Estate Investment Plunges
In the face of increasingly gloomy economic data, China’s central bank announced on Saturday that it would be lowering bank reserve ratio requirements by 0.5 basis points effective May 18th. The move is aimed at increasing the available credit supply after April data showed a slow down in real estate investment and many other key sectors of the economy.
- China April property investment growth slows
China’s annual real estate investment growth slowed to the lowest pace since the global financial crisis, official data showed on Friday, stoking expectations that curbs on the property market may be eased. Real estate investment, accounting for 13 percent of China’s gross domestic product in 2011, rose 9.2 percent in April from a year earlier, the first single-digit rise since November 2009 and a worrying sign for the 40-odd industries property affects.
- China economy shows unexpected signs of weakness
China’s economy stuttered unexpectedly in April with lower than expected output data, softening retail sales and easing prices suggesting economic headwinds might be stiffer than thought, requiring more robust policy responses to counter them.
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