First Chinese city eases second-home buying curbs

Economy 03/04/22, 17:32

In an attempt to rescue its property market, Zhengzhou, the capital of central Henan province, has become the first city in China to relax the curbs on second home purchases. The local authority has announced 19 measures to support real estate development. The notice guides financial institutions to provide more housing ...

Chinese developer Hopson bonds drop as PwC auditor quits

Economy 02/01/22, 21:47

PricewaterhouseCoopers (PwC) auditor of Chinese developer Hopson Development Holdings resigned on Friday, January 28th.  According to Bloomberg, Hopson said the auditor left because the company failed to provide enough documents such as those on its "accounting treatment of certain of the Group's equity investments and property projects and the valuation of ...

China’s Kaisa Group Holding under audit on order of Guangdong government

Economy 01/26/22, 20:54

According to Caixin, auditing firm Pricewaterhouse Coopers (PwC) examined Kaisa Group Holdings' assets on behalf of the Guangdong provincial government to analyze the company's financial situation. Kaisa is one of a raft of liquidity-squeezed property developers in China. PwC has requested Kaisa entities to submit project information such as loan contract ...

In 70 Chinese cities: 80% of new house prices fell in November

China 12/19/21, 05:22

Housing price declines are on the rise in China. In November, house prices in 70 cities continued to drop to their lowest levels. The number of cities experiencing this condition continues to grow. Zhang Dawei, the chief analyst at Centaline Property, said, "This is the worst housing price data from the ...

China: November real estate trade sinks to the lowest mark in 10 years

China 12/10/21, 01:48

China's Zhongxin Jingwei media posted on Dec. 7 that E-House Real Estate Research Institute has released the New Commercial Housing Transactions Report for November 2021.                    In November, 40 cities, including big cities like Beijing, Shanghai, Guangzhou, and Shenzhen, sold a total volume ...

China’s economic transformation has come to a halt

China 11/01/21, 04:43

China's economic development is currently decreasing, but the country's internal problems have long been unaddressed. China's third-quarter economic growth was 4.9 percent, and analysts predict that future growth would be considerably worse, with some even predicting that GDP growth in the fourth quarter will fall 4 percent or less. China's economic growth ...

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