Falling prices signal bigger troubles ahead for China’s economy
2 weeks, 5 days ago

Falling prices signal bigger troubles ahead for China’s economy

Associated Press  

BEIJING — When he bought an apartment near a good high school in northeast Beijing in 2020, Zhou Fujin expected that renting it out would cover most of his mortgage. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print “Given that I work in the real estate sector, my income has been greatly affected,” Zhou told The Associated Press. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Email Facebook X Reddit LinkedIn Pinterest Flipboard Print “When the real estate market is booming, people believe that they are very rich,” said He-Ling Shi, an associate professor of economics at Australia’s Monash University. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Some economists, including Michael Pettis, a professor of finance at Guanghua School of Management at Peking University, say the economy can only be rebalanced if consumers gain purchasing power. Share Share Copy Link copied Email Facebook X Reddit LinkedIn Pinterest Flipboard Print Louis Kuijs, chief Asia economist for S&P Global Ratings, says China needs to address long-term, chronic problems including excess industrial production and inefficient state industries.

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History of this topic

Chinese economy expected to rebound continuously in 2025: economist
Trending News
1 month, 2 weeks ago

Chinese economy expected to rebound continuously in 2025: economist

China Daily  

The skyline of Beijing. The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have contributed to people's confidence in the …

China's home prices, sales fall further in January: Report
1 month, 3 weeks ago

China's home prices, sales fall further in January: Report

Hindustan Times  

China's sales of new housing and prices for existing residential units both continued to decline in January, a leading real estate research institute said on Saturday. The value of property sales by the top 100 real-estate developers in China was down almost 17% in January on year The average price per square meter for existing residential properties was down just …

China's property sales record positive growth in December
2 months, 1 week ago

China's property sales record positive growth in December

China Daily  

A view of a property project under construction in Yantai, Shandong province, May 12, 2024. In December, the month-on-month sales prices of commercial residential properties in China's first-tier cities rose, while the overall decline in second and third-tier cities narrowed, data collected from 70 large and medium-sized cities by the National Bureau of Statistics showed on Friday. Prices of second-hand …

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push
3 months, 1 week ago

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push

Firstpost  

China’s economy in November has sparked concerns about its ability to boost domestic demand in a world full of uncertainties. Reports from the South China Morning Post and The Economic Times highlight mixed results in key areas like retail sales, property investments and industrial output. The South China Morning Post noted that while November’s retail figures seemed weak, combining data …

China’s property slump may extend into 2025, Fitch Ratings says
3 months, 3 weeks ago

China’s property slump may extend into 2025, Fitch Ratings says

Hindustan Times  

-- China’s multiyear property crisis is set to drag on in 2025 as prices and sales remain weak despite the government’s stimulus push to spur demand, according to Fitch Ratings. China’s property slump may extend into 2025, Fitch Ratings says China’s new home prices will fall by another 5% next year, as measured by China’s official statistics bureau, or roughly …

China's economy softens in August as Beijing continues to grapple with lagging demand
6 months, 1 week ago

China's economy softens in August as Beijing continues to grapple with lagging demand

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s economy softened in August, …

Experts: China's consumer spending to see positive growth in April
10 months, 1 week ago

Experts: China's consumer spending to see positive growth in April

China Daily  

A child experiences a Lynk & Co's new energy vehicle at the 2024 Beijing International Automotive Exhibition in Beijing, April 30, 2024. The year-on-year growth rate of total retail sales of consumer goods in China will probably exceed 3.1 percent in April, Securities Daily reported on Tuesday, citing experts. Since the action plan to advance large-scale equipment renewal and trade-in …

China may dodge deflation, after all
1 year, 6 months ago

China may dodge deflation, after all

Live Mint  

After a grim June and July, China’s main August economic data, released Friday, contained clear hints of improvement. All of this makes a protracted fall in consumer prices—which could trap China in a 1990s Japan-like cycle of falling prices and ultra-thrifty consumers—less likely. The services sector purchasing managers employment subindex, which plummeted in line with construction employment this spring, has …

China's new home sales sees sharp rise in March: Survey
1 year, 11 months ago

China's new home sales sees sharp rise in March: Survey

Hindustan Times  

China's new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey showed on Monday. The sales of new homes rose 55.7% month-on-month, up from growth of 31.9% in February, according to data from the China Index Academy — one of the country's …

China's property sales static despite policies to stimulate market: Report
2 years, 1 month ago

China's property sales static despite policies to stimulate market: Report

Hindustan Times  

China's property sales remain static despite China's central bank enacting policies to stimulate the market, New York-based NTD reported. According to China Real Estate Information Corporation, there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth. According to statistics from the China Index Academy on January …

Why squatters in unfinished apartments spell trouble for Xi Jinping : The Indicator from Planet Money : NPR
2 years, 5 months ago

Why squatters in unfinished apartments spell trouble for Xi Jinping : The Indicator from Planet Money : NPR

NPR  

The mess at the heart of China's economy Enlarge this image Noel Celis/AFP via Getty Images Noel Celis/AFP via Getty Images For the past few decades, China's housing market has reached astonishing heights. As Xi Jinping takes on a third term as China's leader, though, the country is in the midst of a generational housing crisis. The nation's largest developers …

Pinched by housing downturn, Chinese families rein in spending
2 years, 6 months ago

Pinched by housing downturn, Chinese families rein in spending

Live Mint  

A two-decade boom in real estate made many Chinese families feel richer. “If more people suffer from income loss, the foundation that supports the bubble in the property market will be shaken," said 39-year old Ms. Tang, who works in the finance industry. As fears of declining home values deepen, more people will re-evaluate their spending and investment decisions, said …

2021年12月份商品住宅销售价格环比呈降势 同比涨幅回落
3 years, 2 months ago

2021年12月份商品住宅销售价格环比呈降势 同比涨幅回落

China Daily  

1月15日，国家统计局发布2021年12月份70个大中城市商品住宅销售价格变动情况。 图片来源：中国日报 China continued to see a generally stable housing market in December 2021, with home prices in 70 major cities showing slight month-on-month declines, official data showed Saturday. 2021年12月份，70个大中城市商品住宅销售价格环比总体延续四季度以来的下降态势。 New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged down 0.1 percent month-on-month on average in December although price movements diverged, according to data …

NBS: Home prices stay stable in July
6 years, 7 months ago

NBS: Home prices stay stable in July

China Daily  

A saleswoman introduces a housing project to visitors at a developer's sales outlet in Huai'an, Jiangsu province. In July, Shanghai, Nanjing and Quanzhou in Fujian province saw their new home prices drop, each down 0.1 percent from a month ago, while 65 cities reported price increases, with Sanya in Hainan province continuing to take the lead, the bureau said on …

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn
7 years, 10 months ago

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn

China Daily  

An China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers. But that is beginning to change as home price gains far outpace income growth, making the prospects of buying a home an increasingly distant dream for many young Chinese. Newer generations …

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn
7 years, 10 months ago

Investors rush to develop rental housing as Chinese home prices surge[1]- Chinadaily.com.cn

China Daily  

An China's sky-high apartment prices and its footloose generation of millennials are fuelling demand for rental apartments, driving investment by foreign private equity funds and Chinese real estate developers. But that is beginning to change as home price gains far outpace income growth, making the prospects of buying a home an increasingly distant dream for many young Chinese. Newer generations …

Home prices continue to stabilize following restrictions
7 years, 11 months ago

Home prices continue to stabilize following restrictions

China Daily  

Xinhua | Updated: 2017-04-19 09:36 BEIJING — China's tightened regulations on the property market to rein in skyrocketing home prices have begun to pay off as home prices in major cities continued to stabilize. "Prices of newly built homes in 15 major cities including Beijing, Shanghai, Guangzhou and Shenzhen continued to stabilize in March on the back of targeted local …

Beijing property curbs to cool preowned market
8 years ago

Beijing property curbs to cool preowned market

China Daily  

A housing agent helps a client complete property transactions in Beijing. "The regulation will have a more direct and obvious effect on the preowned property market," Ren Qixin, deputy general manager of Yahao Real Estate, was quoted by Beijing Daily as saying. "On Saturday, the second day after the policy took effect, only 224 preowned properties were sold, while during …

China's real estate investment up 8.9% in Jan-Feb
8 years ago

China's real estate investment up 8.9% in Jan-Feb

China Daily  

A potential homebuyer checks out a property project in Hangzhou, Zhejiang province, Dec 17, 2016. BEIJING - China's investment in property development continued to rise in the first two months of this year, official data showed Tuesday. Investment in real estate development grew 8.9 percent year on year in January and February, 2 percentage points faster than the overall growth …

East China city further restricts housing purchases to cool market
8 years ago

East China city further restricts housing purchases to cool market

China Daily  

A potential homebuyer checks out a property project in Hangzhou, Zhejiang province, Dec 17, 2016. Hangzhou bureau of housing security and management announced that as of Friday, people without local "hukou" need records of two years of income tax and social security payments made in the last three years if they want to buy a house there. Since the city …

China home prices continue to stabilize
8 years, 1 month ago

China home prices continue to stabilize

China Daily  

BEIJING -- China's hot property market in major cities has continued to stabilize after authorities took a series of measures to contain rising prices, according to an official survey Wednesday. According to the NBS, new residential house prices in second-tier cities rose 0.1 percent on a monthly basis, retreating 0.1 percentage points from the growth seen in December. Third-tier cities …

The gruelling, six-hour commute of Beijing’s workers
8 years, 1 month ago

The gruelling, six-hour commute of Beijing’s workers

BBC  

The gruelling, six-hour commute of Beijing’s workers China six-hour commute High rental costs in China's capital have forced workers to travel for six or more hours a day to work. She is one of hundreds of thousands of white-collar workers who spend on average six hours – and sometimes up to nine hours or more – travelling to and from …

Beijing's real estate sector sees price fall
8 years, 2 months ago

Beijing's real estate sector sees price fall

China Daily  

Potential homebuyers examine a property project model in Daxing district, Beijing, Sept 13, 2016. Beijing's property market recorded a sluggish performance during the second week of this year, with new home prices down 8.63 percent from the previous week. During the week ending Jan 15, the transaction volume of new homes in the capital city reached 1,467 unit, up 11.56 …

Shanghai house transactions decline 27% in Dec
8 years, 2 months ago

Shanghai house transactions decline 27% in Dec

China Daily  

Homebuyers at a property expo in Shanghai. A research note issued by the Shanghai Existing Property Index Office, which tracks transaction data of preowned housing properties, said that more than 66 percent of transactions of preowned homes were sold below 3 million yuan per unit, a signal that buyers' demand is shifting from speculative or investment-oriented to self-use. "In terms …

More cities put a clamp on property price rises
8 years, 2 months ago

More cities put a clamp on property price rises

China Daily  

Potential homebuyers examine a property project model in Nanjing, East China's Jiangsu province, Feb 28, 2016. Zhengzhou, the capital of Henan province, and Wuhan, the capital of Hubei province, have adopted the measures, taking the number of cities trying to cool the red-hot property market to 22, The Time Weekly reported. Driven by policies such as de-stocking, sold floor areas, …

Housing investment to decelerate in 2017: PBOC economist
8 years, 3 months ago

Housing investment to decelerate in 2017: PBOC economist

China Daily  

A visitor examines a property project model at a real estate expo in Beijing. BEIJING - China's housing investment will slow down in 2017 due to property purchase restrictions put in place in recent months, said a senior economist at the country's central bank Wednesday. Investment enthusiasm in the sector will be dampened by moderation in home prices in many …

China’s economy holds ground as housing curbs start to bite
8 years, 4 months ago

China’s economy holds ground as housing curbs start to bite

Live Mint  

Beijing: China’s economy held ground in October following new measures to cool property markets in almost two dozen big cities. “It’s probably consistent with policy remaining supportive of growth but no further ramping up or ramping down,” said Shane Oliver, head of investment strategy at AMP Capital Investors in Sydney. “The moderation in retail sales growth is a bit of …

China land prices increase in Q3
8 years, 4 months ago

China land prices increase in Q3

China Daily  

Homebuyers learn about a commercial property project at a real estate expo in Handan, North China's Hebei province. BEIJING - Land prices in major Chinese cities continued to rise in the third quarter, propelled by rising residential land price especially in metropolitans, latest official figures showed. The average land price in 105 major Chinese cities monitored by the Ministry of …

China land prices increase in Q3
8 years, 4 months ago

China land prices increase in Q3

China Daily  

Homebuyers learn about a commercial property project at a real estate expo in Handan, North China's Hebei province. BEIJING - Land prices in major Chinese cities continued to rise in the third quarter, propelled by rising residential land price especially in metropolitans, latest official figures showed. The average land price in 105 major Chinese cities monitored by the Ministry of …

China's property loans surge in Q3, home prices curbed
8 years, 5 months ago

China's property loans surge in Q3, home prices curbed

China Daily  

BEIJING - Loans to the real estate sector grew fast in the first nine months, central bank data showed Friday, while the property market as a whole is showing signs of cooling following new restrictions. By the end of September, financial institutions in China had lent 25.33 trillion yuan to the property sector, up 25.2 percent year on year, according …

Beijing raises down payments for homebuyers
8 years, 5 months ago

Beijing raises down payments for homebuyers

China Daily  

A realty agent introduces a property project to potential homebuyers at a real estate fair in Beijing. BEIJING - Beijing authorities on Friday raised down payments for homebuyers in the capital, in an attempt to stabilize the property market. According to a circular by the Beijing Municipal Commission of Housing and Urban-rural Development, the down payment for first time homebuyers …

Beijing's apartment-rental market cools down in August
8 years, 6 months ago

Beijing's apartment-rental market cools down in August

China Daily  

Night view of the CCTV Tower, center, the headquarters of China Central Television, and other buildings in Beijing, May 18 2016. Beijing's sizzling apartment-rental market cooled in August following three consecutive months of rises in both transactions and prices, the Beijing Morning Post reported on Thursday. Transactions related to rental apartments decreased by 6.8 percent in August over July, while …

More Chinese concerned about rising home prices: Survey
8 years, 6 months ago

More Chinese concerned about rising home prices: Survey

China Daily  

BEIJING - Home prices remain a major issue of public concern in China, with 53.7 percent of those surveyed by the central bank describing prices in the third quarter as "high and hard to accept." New home prices in 100 surveyed cities rose for the 16th-consecutive month in August on a month-on-month basis, according to data compiled by the China …

Ride the home price bubble at your own risk
8 years, 7 months ago

Ride the home price bubble at your own risk

China Daily  

Homebuyers visit a real estate show in Beijing. Wang Zhuangfei / China Daily "Will home prices in Beijing still go up in the second half year? China's major cities saw home prices grow for the 15th consecutive month in a row in July, with the growth rate continuing to accelerate, according to research by the China Index Academy. Around two …

Ride the home price bubble at your own risk
8 years, 7 months ago

Ride the home price bubble at your own risk

China Daily  

"Will home prices in Beijing still go up in the second half year? Wang Zhuangfei / China Daily After a record-strong rebound, both in transactions and prices, after the Chinese Lunar New Year, I used to believe the capital's real estate market would stabilize, or even see a price dip, in the second half of the year. China's major cities …

China's property loans see fast growth
8 years, 8 months ago

China's property loans see fast growth

China Daily  

BEIJING - Loans to the real estate sector grew fast as the property sector continued to recover, data from the central bank showed Thursday. By the end of June, financial institutions in China had lent 23.94 trillion yuan to the property sector, up 24 percent year on year, according to a report from the People's Bank of China. Outstanding loans …

China's property loans see fast growth
8 years, 8 months ago

China's property loans see fast growth

China Daily  

BEIJING - Loans to the real estate sector grew fast as the property sector continued to recover, data from the central bank showed Thursday. By the end of June, financial institutions in China had lent 23.94 trillion yuan to the property sector, up 24 percent year on year, according to a report from the People's Bank of China. Outstanding loans …

Shanghai land prices out of sight
8 years, 8 months ago

Shanghai land prices out of sight

China Daily  

Skyscrapers and people reflected in a puddle of water in the early hours of the morning at the Bund in Shanghai, Oct 20, 2015. Shanghai's limited land supply for residential development and the current undersupply of housing stock have fuelled developers' expectations on further rise in housing prices. A Shanghai land parcel, which is just 1.5 kilometers from the central …

China's real estate destocking has a long way to go: Experts
8 years, 9 months ago

China's real estate destocking has a long way to go: Experts

China Daily  

Commercial property in Huaibei, East China's Anhui province, on June 20, 2016. BEIJING - China has a long way to go in destocking its real estate inventories given the huge overhang of unsold homes, property experts have said. "The destocking efforts should pay more attention to sales instead of prices," David D. Li, Center for China in the World Economy …

China property investment rises 7.2% in Jan
8 years, 10 months ago

China property investment rises 7.2% in Jan

China Daily  

A woman talks with a salesman at a property market fair in Hangzhou, Zhejiang province. BEIJING - Investment in China's property sector rose 7.2 percent year on year in the first four months of 2016, official data showed on Saturday. Related story: Chinese property outlook stable, but pressure remains: Moody's by Xinhua China's property sales will slow over the next …

China's home prices continue to rise in March
8 years, 11 months ago

China's home prices continue to rise in March

China Daily  

Potential homebuyers examine a property project model in Nanjing, East China's Jiangsu province, Feb 28, 2016. BEIJING - China's property market continued to show signs of recovery in March, with most of the surveyed major cities reporting month-on-month rises in new home prices. Related story: Property market rebounds but housing stocks flat by Zheng Yangpeng from China Daily China's property …

China property investment grows 6.2% in Q1
8 years, 11 months ago

China property investment grows 6.2% in Q1

China Daily  

Potential homebuyers examine a property project model in Nanjing, East China's Jiangsu province, Feb 28, 2016. BEIJING - Investment in China's property sector rose 6.2 percent year on year in the first quarter of 2016, data from the National Bureau of Statistics showed on Friday. In floor terms, property sales jumped 33.1 percent in the first three months, much higher …

China's least affordable housing market: Shenzhen
8 years, 11 months ago

China's least affordable housing market: Shenzhen

China Daily  

A view of Shenzhen's landmark skyscraper Kingkey 100, June 16, 2015. Nationwide among 35 major cities, a family has to save for 10.2 years before they could buy an apartment, said the real estate provider citing 2015 statistics. China's income growth failed to outrun booming property sector in 2015, as per capita disposable income grew 8.2 percent, down from 9 …

Tightened rules cool home sales
8 years, 11 months ago

Tightened rules cool home sales

China Daily  

Trade volume drops in Shanghai, Shenzhen; some deals fall through after buyers disqualified Homebuying regulations that took effect on March 25 in Shanghai and Shenzhen turned out to be quick fixes for the overheated residential markets, as trade volume shrank sharply in both cities, according to data from property agencies. Daily trade volume of new homes in Shanghai fell from …

Shanghai, Shenzhen see fall in housing market after new curbs
8 years, 11 months ago

Shanghai, Shenzhen see fall in housing market after new curbs

China Daily  

Chinese homebuyers look at housing models of a residential property project during a real estate fair in Shanghai, China, May 2, 2015. Home transactions plunged in Shanghai and Shenzhen just a few days after the two cities moved on March 25 to crack down on speculators and tame the overheated real estate market, the China Securities Journal reported on Friday. …

Beijing housing market rebounds in March
8 years, 11 months ago

Beijing housing market rebounds in March

China Daily  

Photo taken on Mar 29, 2016 shows residential building in Beijing. The property market in Beijing picked up in March amid relaxed measures, reported Beijing Times on Tuesday. The transaction price averaged 31,967 yuan per square meter, down 2 percent month-on-month, but up 16 percent year-on-year. Statistics from Lianjia, another real estate agency, show that second-house sales topped 30,000 units …

Big city home prices rise despite tightening measures
8 years, 11 months ago

Big city home prices rise despite tightening measures

China Daily  

Potential customers look at a model of a real estate development in Yichang, Hubei province. New home prices in Shanghai jumped 5.1 percent from February to March, a sharp acceleration from 0.22 percent growth in February, according to data provided by China Index Academy on Thursday. In Shenzhen, new home prices advanced 3.6 percent in March, softening from 5.4 percent …

Shanghai reins in property market
8 years, 11 months ago

Shanghai reins in property market

China Daily  

The file photo shows the Shanghai Tower, China's tallest skyscraper, in Lujiazui, the financial and trade zone in Shanghai. Surge of buyers purchased additional homes before new measures took effect on Friday Lin Hong feels lucky to have followed the home-buying rush because she was able to complete the purchase of her family's second home the day before a new …

China's home prices continue to rise
9 years ago

China's home prices continue to rise

China Daily  

Homebuyers look at models of residential apartment buildings at a sales office in Luoyang, Henan province, Jan 24, 2016. BEIJING - China's housing market continued to warm in February, with more than half of surveyed major cities reporting month-on-month rises in new home prices. Related story Property market collapse ruled out by Hu Yuanyuan, China Daily China's real estate market …

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