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China's credit market remains stressed as the housing slump deepens, with a contraction in home sales and property investment in October. The government faces a dilemma in bolstering the economy while shielding the yuan from depreciation. Retail sales and industrial production in China grew faster than expected in October, but new home prices in top-tier cities fell, and second-hand home prices fell across the board. The Philippine central bank is expected to keep its benchmark interest rate unchanged after an out-of-cycle increase three weeks ago. Hungary's central bank will maintain its current pace of monthly interest-rate cuts despite government pressure. China told nationwide lenders to cap interest rates on interbank funding and injected cash to calm the market. Analysts suggest that China needs to pull multiple levers for a property turnaround, and the country is expected to keep key lending rates unchanged next week. China's home prices dip for the fourth month, and housing sales continued to slide in October despite supportive government policies. China has asked some lenders to cap interbank financing costs. China's home prices may weaken further, adding to evidence of a persistent housing downturn. Analysts suggest that China needs to pull 'multiple levers' for a property turnaround.
China asks some lenders to cap interbank financing costs - sources https://t.co/YcPXRGbQni https://t.co/tEvCkvnEKe
China expected to keep key lending rates unchanged next week https://t.co/FwjrkoYOfu https://t.co/qqOqKVYyi4
China needs to pull 'multiple levers' for property turnaround, say analysts https://t.co/twC6SsB0Hh https://t.co/GSG7JZoSLh
⚠️ CHINA ASKS SOME LENDERS TO CAP INTERBANK FINANCING COSTS - SOURCES Full Story → https://t.co/mCu0yRHl3I
China told a handful of nationwide lenders to cap interest rates on interbank funding, sources say, a move that dovetailed with a sizable cash injection intended to calm the market https://t.co/9LabS7gjpa
China told a handful of nationwide lenders to cap interest rates on interbank funding, sources say, a move that dovetailed with a sizable cash injection intended to calm the market https://t.co/RzBOurxskn
China told a handful of nationwide lenders to cap interest rates on interbank funding, sources say, a move that dovetailed with a sizable cash injection intended to calm the market https://t.co/RoyLgyp9Gz
China's home prices dip for 4th month, may weaken further - Reuters https://t.co/Of6SY1vzXo
China's housing market faces fourth consecutive month of price declines https://t.co/o30N3TkjXR https://t.co/PvJfv2jwXm
Hungary’s central bank will maintain the current pace of its monthly interest-rate cuts, a key official says, presenting a path that appeared to push back against government pressure to speed up monetary easing https://t.co/Atp90KVTdZ
Hungary’s central bank will maintain the current pace of its monthly interest-rate cuts, a key official says, presenting a path that appeared to push back against government pressure to speed up monetary easing https://t.co/hXC8fkkuS6
Hungary’s central bank will maintain the current pace of its monthly interest-rate cuts, a key official says, presenting a path that appeared to push back against government pressure to speed up monetary easing https://t.co/9dbn5gcYuj
1/6 "China’s troubled property market remains on shaky ground," the WSJ argues, "despite a raft of government policies to stabilize it. Beijing still needs much more forceful measures if it wants to turn around the market and stabilize the economy." https://t.co/tkpxIkAsKJ
China's home prices dip for 4th month, may weaken further https://t.co/XZ8M5NS47B
The latest drop in China’s home prices adds to evidence of a persistent housing downturn after official figures this week showed a deepening contraction in sales and property investment. https://t.co/igC4G3FQZ7
China's home prices dip for 4th month, may weaken further https://t.co/cf9wIIOQKI https://t.co/q91zTEKM0B
New #home prices in #China's four top-tier cities fell m/m in Oct, 2nd-hand home prices fell across the board. https://t.co/haGgRmRP6L https://t.co/DUQv35ngHc
🇨🇳China’s consumer spending and industrial activity expanded faster than expected in October but a worsening property market fueled expectations the government will have to roll out more stimulus ▶️Retail sales +7.6% y/y ▶️Industrial production +4.6% y/y https://t.co/ImVmVK6Gz0 https://t.co/aZrNfNKp1K
China's credit market remains stressed, with investors on edge for potential flareups in the nation's property debt crisis https://t.co/oGtm35uy8z
China’s housing sales continued to slide in October, a traditionally peak month for the real estate sector, showing that recent supportive government policies failed to boost the ailing property market. https://t.co/CPCbQjQtY5
The Philippine central bank is expected to keep its benchmark interest rate unchanged after an out-of-cycle increase three weeks ago https://t.co/wCQLrpCoBW
The Philippine central bank is expected to keep its benchmark interest rate unchanged after an out-of-cycle increase three weeks ago https://t.co/R1OUDCaVEG
China's credit market remains stressed, with investors on edge for potential flareups in the nation's property debt crisis https://t.co/0q6NRvSkRe
China's credit market remains stressed, with investors on edge for potential flareups in the nation's property debt crisis https://t.co/xAFNtPnhR3
#China's #retail sales grew at fastest pace since Jun in Oct amid low base, holiday demand https://t.co/Lq31DGFzTx
#China's industrial production picked up slightly in Oct, matching market expectations https://t.co/Ir9XCDgKiM
“Beijing faces a dilemma as it seeks to bolster an economy reeling from a weak property while also shielding the yuan from further depreciation... The latest batch of mixed economic data also support the need for policy action to strengthen growth.” https://t.co/0PYcME5cJX
China’s Retail Spending Picks Up, as Housing Slump Deepens - WSJ https://t.co/N5zTvMLGI0
“The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may push the government to do more to shore up the struggling housing market.” https://t.co/MQk0kXFP6W
China's credit market remains stressed, with investors on edge for potential flareups in the nation's property debt crisis https://t.co/smitFKLtvK