property crisis
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Asia
China set to post slowest quarterly growth this year: Analysts
BEIJING: China’s economy likely expanded at its slowest pace this year, according to an AFP survey ahead of data on Friday…
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Asia
Some Chinese state developers leave suppliers in lurch with unpaid bills
“The company would only say they have to go through an internal process, which would take several years.” Lu said…
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Asia
Country Garden says can’t meet all offshore debt payments, setting stage for revamp
HONG KONG: Country Garden warned on Tuesday (Oct 10) about its inability to meet offshore debt obligations, potentially joining a growing…
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Asia
China’s Country Garden warns it could fail to pay looming offshore debt obligations
HONG KONG: China’s Country Garden Holdings said it might not be able to meet all of its offshore payment obligations…
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Asia
Commentary: Why China’s real estate crisis should make the global travel industry nervous
As of April, Chinese tourism to Japan was down some 85 per cent since 2019, even though overall visits to…
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Asia
.png?itok=CmLw4JQw "She has a master’s degree, but is unemployed and lives on discount coupons. In China, there are many others like her")
She has a master’s degree, but is unemployed and lives on discount coupons. In China, there are many others like her
Beyond the venting of unhappiness online, rising youth unemployment could pose a risk to China’s social and political stability. Observers…
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Asia
‘Deserted ghost town’: Johor Country Garden condo residents concerned over unfinished projects amid China developer’s debt crisis
The foundation for block 18 has been constructed, but it remains an eyesore, and breeding ground for mosquitoes, according to…
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Asia
Unpaid workers, silent sites: China’s property woes hit Country Garden
TIANJIN: At an unfinished Country Garden residential complex on the outskirts of the northern Chinese metropolis of Tianjin, construction has…
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Asia
China’s Evergrande bankruptcy filing an expected part of debt restructuring plan, unlikely to have contagion effect on economy: Observers
The property sector accounts for roughly a quarter of China’s economy. Evergrande was once the country’s top-selling developer, but has…
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Asia
Commentary: China property giant Country Garden’s woes – the good, the bad and the very ugly
But does billionaire businesswoman Yang Huiyan, who held a 52.6 per cent stake as of the end of July, still have…
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