The Chinese real estate industry’s problems have expanded from economic to ecological woes, as new research published in the journal Science found nearly half of China’s major cities are sinking. Reuters reported 45% of China’s urban […]
It’s a well-known fact that Americans are moving to the Sunshine State. Florida’s population has been steadily increasing for decades, and it was the fastest-growing state in 2022, per the US Census Bureau. The pandemic ushered in remote […]
The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over […]
KEY TAKEAWAYS One of the biggest property developers in China, Evergrande Group, filed for Chapter 15 bankruptcy protection in New York as it carries out its complex debt restructuring process. The filing sparked concerns for […]
The troubled Chinese real-estate firm Evergrande has filed for Chapter 15 bankruptcy in a US court. The development comes five months after the real estate behemoth unveiled its long-awaited restructuring plan, the largest in China’s […]
China’s housing market is so tough that buyers have been heading to the US to purchase a home. Chinese buyers spent $13.6 billion on US residential real estate in the year ending March 2023. A […]
‘We need to better implement the supporting policies such as lower down payment ratios and reduce mortgage lending rates,’ says housing minister Ni Hong New home sales fell 5.3 per cent in the first six […]
Wall Street equities rose as traders assessed data showing China’s economy on the cusp of deflation and prepared for US inflation numbers that will feed into the Federal Reserve’s interest rate decision in late July. […]
As China’s consumer price index (CPI) approached zero growth in April, the numbers stood in sharp contrast to those of the United States, where inflation remained at a relatively high level of 4.9 per cent and […]
BEIJING (AP) — China’s vast real estate industry is recovering from a slump triggered by tighter debt controls, a deputy central bank governor said Friday, after a wave of defaults by developers rattled global financial […]
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