property sector

Crisis & fears – What are the main obstacles to Chinese growth?

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Crisis & fears – What are the main obstacles to Chinese growth?

China’s top leadership is set to meet on Monday to thrash out plans to boost growth, but the country’s economy remains weakened by sluggish consumption, a property sector in crisis and deflation fears. Here AFP looks at the main challenges facing the world’s second-largest economy: Fragile consumption A high youth unemployment rate — 14.2 percent … Read more

Two Chinese megacities lift home purchase curbs to attract buyers

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Two Chinese megacities lift home purchase curbs to attract buyers

Two Chinese provincial capitals lifted all home purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit. As of May 9, Hangzhou and Xian will no longer vet the eligibility of potential buyers, the cities’ housing authorities said in separate notices, shedding … Read more