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Property developers struggle to rebuild confidence in housing market after three years of economic painGold bars, new cars and mobile phones are among the incentives being offered to potential homebuyers by Chinese property developers as they grow incr…
Read MoreCountry Garden’s 2022 forecast is another blow for country’s embattled sectorChina’s top property developer expects to record a loss in 2022 – its first since the company went public in 2007 – in another blow for the country’s embattled property sector…
Read More‘Relay loans’ that can pass on to children follow other moves to make borrowing more flexibleIn an attempt to stimulate China’s flagging housing market, banks in some cities are extending the upper age limit on mortgages to between 80 and 95.Although n…
Read MoreAs debt-laden Chinese property giant enters 30-day grace period, officials look to limit unrest and job lossesThe embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest …
Read MoreHong Kong stock fell up to 19% amid default fears that are beginning to have a knock-on effect on other marketsShares in the embattled Chinese property company Evergrande have plunged again as investors weigh up whether the group’s massive debt problem…
Read MorePresident Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sectorThe crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Ji…
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