Goldman Sachs Cuts China Outlook on Lingering Property Woes
Goldman Sachs has trimmed its earnings and market forecasts for Chinese stocks, citing renewed concerns over weakness in the country's real estate sector, Invest-Gate reports.
Goldman Sachs has trimmed its earnings and market forecasts for Chinese stocks, citing renewed concerns over weakness in the country's real estate sector, Invest-Gate reports.
The real estate sector in China contracted again in the second quarter after a short-term expansion in the first quarter, Invest-Gate reports.
The Chinese government has indicated additional economic support measures are forthcoming after taking initial steps to assist the struggling property sector by extending loan relief to developers, Invest-Gate rep ...
Housing regulator explains that Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy sector development, Invest-Ga ...
New home sales in China surge 55.7% month-on-month in March 2023, compared to a growth of 31.9% in the previous month, Invest-Gate reports.
China changes its policies to help the real estate industry including easing financing for developers and taking steps to revive homebuyer demand.
According to the plan, the People’s Bank of China is set to inject ¥80 bn worth of loans at 1.75% interest.
The latest decline comes after weeks of announcing a plan by policymakers to revive the market.
Authorities start opening land borders between China and Hong Kong as of January 8th after the cancelation of China’s zero-Covid policy.
The People's Bank of China states earlier this month that the floor on mortgage rates can be lowered or abolished for first-time home buyers in phases, in the case of cities where the selling prices of new homes f ...