Moody’s has revised its outlook for China’s property sector from ‘stable’ to ‘negative’ despite the introduction of a slew of stimulus measures by China’s regulatory authorities to boost home sales and prop up a flailing property market.
China’s Property Market Crisis Is Trouble for the Whole World
China’s property market is in crisis. Real estate prices that skyrocketed over the past few decades have begun to fall back to Earth. Now the danger is that collapsing home values will also bring the world’s second-biggest economy down along with them.
China Retail Sales Surge In August, Boost Hopes For Economy
Chinese retail sales jumped last month, data showed Friday, beating expectations and fuelling hopes that the country’s army of consumers are returning to help kickstart the world’s number two economy after an extended period of weakness.
How Country Garden Plays Into China’s Property Mess
China’s real estate crisis is showing no sign of abating, depriving the world’s No. 2 economy of one of its biggest growth drivers. Major developers like China Evergrande Group have already defaulted,
Country Garden Faces Another Yuan-Bond Vote Deadline in Hours
Distressed Chinese developer Country Garden Holdings Co. is approaching another deadline for voting by bondholders on its request to extend repayment, after winning such support on 10.3 billion yuan ($1.
Descendants of enslaved Africans on Georgia island fear losing their culture and some property after a change in zoning laws
Descendants of enslaved Africans on Georgia’s Sapelo Island – one of the last intact Gullah Geechee communities in the state – are worried their cultural heritage and property could soon be lost after …
Georgia family puts up billboards 14 years after man vanished: ‘We deserve answers’
The family of missing Georgia man Brian Wehrle raised funds to plaster his face on billboards along a highway 14 years after his disappearance to “keep his face out there.” …
State panel studying East Palestine derailment wants 20-plus years of water, soil testing
Residents’ property values have declined as a result and farmers say … and learning how the legislature can help East Palestine residents and how to best prevent and respond to future accidents. The …
South Korean AI chip intellectual property startup valued at $81.4 million
The South Korean chip startup Panmnesia has raised a seed round that values it at $81.4 million, the company has said. Panmnesia’s business is focused on developing intellectual property around a …
(EDITORIAL from Korea Herald on Sept. 15)
According to data released by Statistics Korea on Wednesday, the country added 268,000 new jobs in August, increasing the total of employed people to 28.67 million. The new job additions mark a much …