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China's troubled property market is showing little signs of a recovery in the short term despite a series of government stimulus measures to help revive activity in the sector which makes up a quarter of the nation's economic output. Housing prices in the nation's four megacities showed signs of stabilizing in September, while those in second- and third-tier cities fell further. Chinese property developer Country Garden is facing financial difficulties, with concerns of a potential default, impacting its global markets and overseas developments. The future of China's Belt and Road Initiative remains uncertain amid varied aspirations. China's declining growth, rising youth unemployment, and deepening real estate crisis are further adding to the country's economic slump. The People's Bank of China is injecting a record sum of cash into the banking system to address funding costs and bolster economic recovery. The central bank aims to promote sustained economic recovery by expanding domestic demand and curbing financial risks.
🇨🇳 China to bolster economic recovery and curb risks - central bank head China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on… https://t.co/JZPgxSs9al https://t.co/btPNIMXJjW
"The People’s Bank of China handed lenders a record sum of cash via a short-term liquidity tool on Friday, as an indicator for funding costs surged to the highest since April." @Bloomberg https://t.co/QVRsA382uj
From being the engine of the global #economy, #China today finds itself in a slump with declining growth, rising youth #unemployment and a deepening real estate crisis, highlight Harsh V Pant & @kalpitm https://t.co/irM4FQANPI
Even though the tale of #Chinese munificence is marred by unsavoury ground realities, all eyes will be on the future of the Belt and Road Initiative, states Harsh V. Pant & @kalpitm https://t.co/wlSpz6whDh
The Wilton Greens project in Australia is one of a string of stalled overseas developments that cash-strapped Chinese property giant Country Garden is seeking mostly to offload as it scrambles to pay creditors https://t.co/PAtG7wHJYW https://t.co/vWmGubD6PI
Four years after Chinese property giant Country Garden launched a $1.27 billion development of 3,600 homes near Sydney, the outer suburban site remains a sparse field with fewer than 50 houses under construction https://t.co/PAtG7wHc9o https://t.co/isadoJKZf7
Chinese stocks can’t escape the real estate sector’s spiral of gloom https://t.co/Cx9Bu9oqGa
Chinese property developer Country Garden has global markets on edge over whether it is set to default, but the giant firm's problems are also being felt in an Australian suburb https://t.co/PAtG7wHJYW https://t.co/XVSTg7hPu5
Although #China has initiated steps to improve its #development cooperation programme, many of the commitments have yet to materialise, writes @malancha_1chakr https://t.co/DQfyEtQnWK
The gap between the promise and reality of the Wilton Greens project in Australia reflects the changing fortunes of an ambitious global expansion by China's mega-developers that has stalled https://t.co/PAtG7wHJYW https://t.co/oPdwYF0fE7
China’s recent measures to revive its slumping property market have met with mixed results, as housing prices in the nation’s four megacities showed signs of stabilizing in September, while those in second- and third-tier cities fell further. https://t.co/ASuDgSBu6k
China's troubled property market is showing little signs of a recovery in the short term despite a series of government stimulus measures to help revive activity in the sector which makes up a quarter of the nation's economic output. https://t.co/MREINSqrK8
This report highlights the claims of key #stakeholders in #BRICS, and reckons that its future remains uncertain amid varied aspirations. Edited by Harsh V Pant https://t.co/5QG4owGpkO
Hong Kong’s existing-home prices dropped to the lowest level since April 2017 in the latest sign of an extended slump in the city’s residential property market https://t.co/WmUsScWxKF
China Liquidated The Most US Securities In Four Years To Prop Up Plunging Yuan https://t.co/5cUphf6xiF
China leaves benchmark lending rates unchanged as expected https://t.co/57bwUxmNH0 https://t.co/Eu5f3nNoub
Hong Kong's 20,000 empty homes are forcing property developers to cut prices https://t.co/SZsCijTz0U
Foreign money managers are bailing on some of the biggest names in China’s tech sector as a global exodus from the nation’s stocks deepens https://t.co/EvYXbPT79d
Although #China has initiated steps to improve its #development cooperation programme, many of the commitments have yet to materialise, writes @malancha_1chakr https://t.co/DQfyEtQVMi