Earlier this month, China’s government revealed a plan for state-owned companies to buy some of the millions of unfinished apartments littering the nation and convert them to affordable housing for low- and middle-income households.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
On 17 May, China will open the sale of a trillion yuan worth of bonds—about $138 billion—to help it stand its economy back up after almost three years of weakness and turmoil.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
At a 30 April meeting, China’s Politburo—the small group that sets government policies—signaled that mortgage interest rates will be lowered again and that aid would be offered to floundering real estate developers.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Profits in China’s industrial sector fell last month on fewer exports and pressures from the country’s ongoing deflationary cycle that did little to spur the consumer economy.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China’s economy grew by 5.3 percent, year on year, according to the National Bureau of Statistics (NBS).
SPOTLIGHT: CHINA’S ECONOMIC PLIGHT
On 10 April, Fitch cut its outlook on China's credit rating from stable to negative, pointing to risks as the country adopts a new approach to economic growth and struggles to steer its economy away from dependence on real estate development and publicly funded infrastructure projects.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
In March, China’s factory activity grew for the first time in six months, the country’s National Bureau of Statistics (NBS) has estimated.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several key economic indicators were positive in China during the first two months of this year, the National Bureau of Statistics (NBS) said on 11 March.
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
The value of exports from China in dollar terms January and February rose 7.1 percent from the same period last year, the government reported.