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China's Nation Backyard prevents worsening of debt disaster with cost
By Jackie Cai
Chinese language developer Nation Backyard Holdings Co. took steps to stop its debt disaster from worsening, paying off a yuan notice forward of schedule and promoting a stake in a mall operator.
The distressed builder’s onshore unit, Nation Backyard Actual Property Group Co., repaid in full an 800 million yuan ($111 million) bond with a put possibility that expired Wednesday,…
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China Real Estate Signs of Moderation in Free Fall
Since the announcement of China's three red lines policy in August 2020, the real estate sector has been heavily impacted by it, eventually leading to a liquidity crunch in the sector. While the impact of the policy measures may not be immediate, a further moderation can be predicted in the key real estate indicators. In such a scenario, the Chinese government may entirely abolish the restrictions on the three red lines policy.
Link:
https://www.sganalytics.com/whitepapers/china-real-estate-signs-of-moderation-in-free-fall/
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2024 Economic Trajectory Amid China’s Real Estate Crisis
China's real estate crisis is a major risk to the country's economic trajectory in 2024. The crisis is due to oversupply, high debt levels, and government restrictions. It is slowing down growth, leading to job losses, and hurting consumer confidence.
The 2024 economic trajectory will depend on the severity of the real estate crisis, the government's response, and the global economic outlook. If the crisis is not resolved, it could have a significant negative impact on the Chinese economy in 2024. Growth could slow to below 5%, and job losses could continue. This could lead to a decline in consumer confidence and a further slowdown in spending.
The government's response to the real estate crisis will also be important. If the government is able to successfully address the crisis, it could boost growth and confidence in 2024. However, if the government's response is unsuccessful, the crisis could continue to drag on the economy.
Overall, the 2024 economic trajectory will depend on a number of factors. However, the real estate crisis is one of the biggest risks to the Chinese economy in 2024.
Curious to learn more about China’s Real Estate Crisis topic? Dive into the full article here.
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The Tragic Downfall of Communist China's Real Estate Market: A Cautionary Tale for Investors
REAL ESTATE NEWS (Los Angeles, CA) — For years, the unwise mainstream media asserted that Communist China’s economy was immune to recessions due to its communist control. However, recent events are painting a much grimmer picture, proving that no economy is recession-proof, especially one that is fundamentally flawed. The downfall of China’s real estate market, exemplified by the Evergrande…
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China's Actions Enrage the West: Why Sacrifice Our Economy?
I am deeply concerned about the actions of China that have recently sparked outrage in the Western world. As an avid observer of global affairs, I can’t help but question the motives behind these actions and reflect on the potential impact they could have on our own economy. In this blog post, I will delve into the reasons why sacrificing our economic interests for the sake of China’s agenda is a…
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China Real Estate: Easing Policy Measures Insufficient for a Sharp Turnaround
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BEIJING — China’s struggling real estate developers won’t be getting a major bailout, Chinese authorities have indicated, warning that those who “harm the interests of the masses” will be punished.
“For real estate companies that are seriously insolvent and have lost the ability to operate, those that must go bankrupt should go bankrupt, or be restructured, in accordance with the law and market principles,” Ni Hong, Minister of Housing and Urban-Rural Development, said at a press conference Saturday.
“Those who commit acts that harm the interests of the masses will be resolutely investigated and punished in accordance with the law,” he said. “They will be made to pay the due price.”
That’s according to a CNBC translation of his Mandarin-language remarks published in an official transcript of the press conference, held alongside China’s annual parliamentary meetings.
Ni’s comments come as major real estate developers from Evergrande to Country Garden have defaulted on their debt, while plunging new home sales have put future business into question.
In 2020, Beijing cracked down on developers’ high reliance on debt for growth in an attempt to clamp down on property market speculation. But many developers soon ran out of money to finish building apartments, which are typically sold to homebuyers in China ahead of completion. Some buyers stopped paying their mortgages in a boycott.
Authorities have since announced measures to provide some developers with financing. But the national stance on reducing the role of real estate in the economy hasn’t changed.
This year’s annual government gathering has emphasized the country’s focus on investing in and building up high-end manufacturing capabilities. In contrast, the leadership has not mentioned the massive real estate sector as much.
Real estate barely came up during a press conference focused on the economy last week, while Ni was speaking during a meeting that focused on “people’s livelihoods.”
Ni said authorities would promote housing sales and the development of affordable housing, while emphasizing the need to consider the longer term.
Near-term changes in the property sector have a significant impact on China’s overall economy.
Real estate was once about 25% of China’s GDP, when including related sectors such as construction. UBS analysts estimated late last year that property now accounts for about 22% of the economy.
Last week, Premier Li Qiang said in his government work report that in the year ahead, China would “move faster to foster a new development model for real estate.”
“We will scale up the building and supply of government-subsidized housing and improve the basic systems for commodity housing to meet people’s essential need for a home to live in and their different demands for better housing,” an English-language version of the report said.
next time you complain about how things are in America, consider that if you lived in some kind of scary communist country like China, you wouldn't even get to fund a bailout for the real estate company owners who ruined the economy like you can (whether you like it or not) in the good old US of A! 🇺🇲
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#china economy#china real estate#economy#real estate#collapse#china market#https://youtu.be/tmQOJNCOUoo
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China Real Estate - In Desperate Need of More Policy Measures
China’s real estate sector has been significantly impacted by the introduction of the three red lines policy, eventually leading to a liquidity crunch in the sector. The impact of the initial policy measures is considered to be short-lived, as the housing market downturn and developer risks could have been worse than what was expected earlier. However, more concrete measures will be needed for a substantial recovery in the sector.
Link:
China Real Estate - In Desperate Need of More Policy Measures
China’s real estate sector has been significantly impacted by the introduction of the three red lines policy, eventually leading to a liquidity crunch in the sector. The impact of the initial policy measures is considered to be short-lived, as the housing market downturn and developer risks could have been worse than what was expected earlier. However, more concrete measures will be needed for a substantial recovery in the sector.
Link:
https://www.sganalytics.com/whitepapers/china-real-estate-in-desperate-need-of-more-policy-measures/
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Navigating Challenges - A Roadmap for China’s Real Estate Market
In a bid to revive China’s stagnant real estate market, Guangzhou, one of the country’s first-tier cities, has announced the relaxation of homebuying restrictions. This move comes as the city government aims to stimulate property sales and boost the local economy.
According to the new policy, five out of Guangzhou’s 11 districts, as well as certain areas near the main Guangzhou airport, are no longer subject to restrictions on the number of homes a household can purchase. Additionally, the rest of the city has also seen a loosening of regulations. Non-local residents will now be able to buy a home after two consecutive years of paying personal income tax or social insurance contributions, a significant reduction from the previous requirement of five years.
For more information about China’s Real Estate Market, follow the link
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The China Situation. Are Their Politicians As Ignorant As Ours? This Will Be Interesting
The China Situation. Are Their Politicians As Ignorant As Ours? This Will Be Interesting
China, like the U.S., is Monetarily Sovereign. It never can run short of its own sovereign currency, the renminbi. Keep that fundamental fact in mind as you read excerpts from the following article:
China’s dim prospects turn disastrous
By Diane Francis
Russia’s terrible war generates headlines, but China’s growing debt crisis is mostly ignored. And yet, it will have profound negative effects on…
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Global Real Estate Market Infected By China
Global Real Estate Market Infected By China
REAL ESTATE NEWS (Los Angeles, CA) — Warning signs have been flashing, largely ignored for years. These warning lights that were once amber are now strobing bright red. Communist China is today a giant prison of more than a billion inmates. More than 26 million Chinese citizens have been locked down or locked up for months in Shanghai. Even after they are officially released, just before…
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