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China's troubled property market, which makes up a quarter of the nation's economic output, is showing little signs of a recovery in the short term despite a series of government stimulus measures. Housing prices in China's four megacities showed signs of stabilizing in September, but those in second- and third-tier cities fell further. Chinese property developer Country Garden is facing financial problems, which are also being felt in an Australian suburb. The real estate crisis in China is deepening, with declining growth and rising youth unemployment. China's efforts to improve its development cooperation program have yet to materialize. The future of the Belt and Road Initiative, a major Chinese initiative, is being closely watched.
⚡️🇨🇳 The example of Pakistan — the biggest national recipient of Belt & Road Initiative funding — is illustrative of the successes, failures and governance shortcomings that are hampering China’s ambitions to lead developing world, analysts said. New data compiled for Financial… https://t.co/TBNpOGrIWH https://t.co/UNj3tZ9okn
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/wlSpz6vJNJ
Hong Kong's 20,000 empty homes are forcing property developers to cut prices https://t.co/5B3QmqPjiC
🇨🇳 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
Through #technology, #economic statecraft, and wolf warrior diplomats, #China is shaping a narrative in #India and elsewhere that sees the world through its prism, write Harsh V Pant & @kalpitm https://t.co/elmxP55R9h
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