|
Economy
|
Challenges in China's Real Estate Sector and Slowdown in ...
2024-08-15 09:26:31
Real Estate
Economy

Challenges in China's Real Estate Sector and Slowdown in Industrial Production

China's real estate investment declined by 10.2% in January-July, with sales also down by 18.6%. Despite supportive measures, the sector struggles to rebound significantly.

Meanwhile, China's industrial production growth slowed to 5.1% in July, reflecting weakening domestic demand. Analysts suggest further policy support may be required for economic recovery.

In Southern Vietnam, apartment transactions plummeted by 94% in July, with investors cautious due to anticipated law changes. Prices slightly decreased, but supply is expected to improve, prompting a modest price increase in the future.

Developers cite factors like limited promotions and new launch delays as reasons for the market's current state.

Related news on that topic:

China's Bond Market Struggles Amidst Economic Uncertainty

China's bond market is facing challenges as the country's economy shows signs of weakening. Concerns over a potential 'balance sheet' recession similar to Japan's 'lost decades' have arisen as bank loans contract and demand weakens. The weakening demand is evident in the plunge in corporate borrowing, household debt repayment, real estate collapse, core inflation drop, sluggish retail sales, and contraction in services activity. The People's Bank of China (PBOC) has intervened in the market to address stagnation concerns, but bond yields remain at record lows. Despite the similarities with Japan, differences such as the debt-to-GDP ratio and the absence of significant liability contraction suggest China's situation may not be as severe. However, China's bond market still faces challenges from bond vigilantes and a potential bubble, prompting the PBOC to tighten control.

Chinese Stock Trading Suffers Amid Faltering Investor Confidence

China's stock market faces a 4-year low in trading volume, indicating waning investor trust. The Shanghai and Shenzhen bourses witness a significant drop to 496 billion yuan, marking the lowest turnover compared to market capitalization since 2019. Issues like a housing crisis and a bond rally further undermine confidence. Regulators express concern over the soaring demand for government bonds, while the market heads towards a fourth consecutive year of losses. Meanwhile, Chinese authorities intervene in the bond market to mitigate risks, impacting rural banks in Jiangxi province. Hong Kong stocks lag behind regional recovery, with Meituan and Li Auto leading losses.

Read 6 more recent news on this topic

The press radar on this topic:

VnExpress English
15. August 2024 um 03:21

Southern apartment market transactions down 94% as investors wait on effects of law changes

Finance
Economy
Apartment transactions in HCMC and nearby provinces plunged 94% in July, with new supply down 84% and lower absorption rates in south vs north. Investors cautious, awaiting new laws; average prices VND42-57M/sqm, down slightly after luxury units removed. DKRA cites lack of promotions, low supply, and developers postponing new launches as reasons. Dat Xanh Services expects supply to improve, with prices rising 5-10% in HCMC and 2-3% in nearby provinces. Cautious mindset likely to persist as buy..
Reuters
15. August 2024 um 02:39

China's real estate investment down 10.2% in January-July, sales also down 18.6%

Finance
Politics
Economy
[Beijing, 15th Reuters] - According to data released by China's National Bureau of Statistics on the 15th, real estate investment in China decreased by 10.2% year-on-year in January-July. The decline was 10.1% in January-June. The government has introduced a series of support measures for the real estate sector, but the recovery has not been significant enough yet.Real estate sales (based on floor area) decreased by 18.6% year-on-year in January-July. The decline was 19.0% in January-June.New..
Reuters
15. August 2024 um 02:26

China's industrial production growth slows to 5.1% y/y in July, missing market expectations

Economy
Politics
Finance
[Beijing, August 15 Reuters] - China's National Bureau of Statistics reported on August 15 that industrial production in July increased by 5.1% year-on-year, but the growth rate slowed from 5.3% in June. This was the third consecutive month of slowdown. The slowdown reflects weak domestic demand, and further policy support may be needed to boost the economic recovery. A Reuters poll of 42 analysts had expected a 5.2% increase. Meanwhile, retail sales in July rose 2.7%, accelerating from 2.0%..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact