China’s oil demand dips, ticks down as economic ebb eases fuel imports (SCMP)
2024-08-16
China’s economic activity in July reflects rough road to recovery amid pains, challenges (SCMP)
2024-08-15
Chinese chamber slams EU’s EV protectionism for creating market uncertainty (GT)
2024-08-14
China-built landmark hydropower project connects to grid, another milestone for China-Pakistan Economic Corridor, despite Western media’s smears (GT)
2024-08-13
China's yuan loans grow by 13.53 trillion yuan from Jan-July (Xinhua)
2024-08-13
China’s central bank wary of bond bonanza as secondary trade talk continues (SCMP)
2024-08-12
Foreclosures Rise in China as Homeowners Struggle to Repay Mortgages (Caixin)
2024-08-12
The number of foreclosed homes on the market in China rose more than 12% year-on-year in the first half of 2024, a new report showed, reflecting the growing struggle of homebuyers to repay home loans amid the prolonged real estate slump. A total of 202,000 foreclosed homes were listed for sale in the first six months of this year, according to a report published Friday by research firm China Real Estate Information Corp. (CRIC). “Since 2023, people have increasingly failed to keep up with their mortgage payments, and some properties have gone into foreclosure,” a person involved in the nonperforming asset business in the southwestern metropolis of Chongqing told Caixin. The property downturn and the other headwinds facing China’s economy have put enormous pressure on those who bought homes with a high amount of leverage in previous years, CRIC said in its report, warning that the risk of defaults could grow, further pushing up the supply of foreclosed properties.
China has turned inward to sell Xinjiang cotton after a trade ban. Will it be enough? (SCMP)
2024-08-11
China's central bank signals move to increase treasury bond trading, support housing rental industry (GT)
2024-08-10
China files appeal to WTO over EU electric vehicle tariffs (Xinhua)
2024-08-10 ^ top ^ |
