Canada's per capita GDP has been declining at 0.4% annually since 2020, the worst among developed economies. China's economy has slowed due to the pandemic's impact on consumption and a real estate crisis. China's property market is facing challenges with significant drops in home sales and contracted sales, leading to falling bond prices for companies like Vanke. Despite some cities easing housing market policies, the overall Chinese property market fundamentals remain weak, resulting in sell-offs and low new home sales in major cities during holidays.
China’s embattled real estate market continued to slide during the recent Labor Day holiday, with new home sales in major cities hitting a five-year low. https://t.co/FE1etzJ0E1
#Chinese #property stocks saw sell-off in HK on Wed after previous rally, and in A-share market, real estate sector was worst-performing, as China's housing market fundamentals remain weak. https://t.co/haGgRmRP6L https://t.co/X8OxkjWSkL https://t.co/vqFMUBt3Di
⚠️ CHINA VANKE TO AUCTION SHENZHEN LAND PLOT WITH LOSS-MAKING RESERVE PRICE Full Story → https://t.co/ObR0L7vQ8F Cash-strapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan ($310 million) via auction, the developer's latest move to… https://t.co/07yScLwEJc
China Vanke plans to sell an unfinished property project once designated as its new headquarters, the developer’s latest effort to divest assets and boost liquidity https://t.co/BypRo8PyIH
#Chinese #property stocks trade higher in HK as more cities eased housing market policy, analysts say China's property market is forming soft landing https://t.co/haGgRmRP6L https://t.co/uP293OGcf9
🇨🇳 #Housing #Property | #China Builder Vanke Tells Investors It Readied Money to Pay Bond - Bloomberg https://t.co/hw71n8BjYe
China's #Vanke's onshore bonds are falling on Tuesday as April home sales remained weak. https://t.co/CwJOAbaYzf
#China's average daily home sales during the public holiday sank 47% y/y, and were down around 30% from 2019, according to data from the China Index Academy. Home sales were down more than 60% in mega cities of Guangzhou and Shanghai. #property #realestate
China #Vanke's April contracted sales totaled 20.89 billion yuan, -37% y/y. January to April contracted sales totaled 55.4 billion yuan, -59% y/y. #China #property #realestate
The last few years have seen a considerable slowdown in China’s economy, driven by the pandemic’s impact on consumption and a burgeoning real estate crisis. https://t.co/7XRda9d8or
"Canada’s per capita GDP has been shrinking 0.4% a year since 2020 — the worst for any developed economy. Private-sector action is confined largely to the property market. Many young people can’t afford one of the world’s most expensive housing markets." https://t.co/uLovCx5NED