Wall Street firms have brushed aside concerns about recent upheaval in China—including the crackdown on businesses by the Chinese Communist Party—and see the country as a good bet. The New York Times reported that BlackRock, the largest asset manager on the planet, recommended that investors increase their exposure to China while bankers from J.P. Morgan and...
63 search results for: Evergrande
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WILL EVERGRANDE DIVE CRASH CHINESE MARKETS?
Major investors, including Blackrock, Bridgewater Associates and Pacific Investment Management, are shrugging off the financial crisis that has struck Evergrande, China’s largest property developer, and sent a wave of anxiety through global financial markets earlier this month, according to The Wall Street Journal. Evergrande announced earlier this month that it might not be able to...
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CHINA’S REAL ESTATE MARKET TEETERS ON EVERGRANDE’S DEBT
Chinese real estate giant Evergrande, with 200,000 employees and more than 1,300 residential developments across the country, owes $300 billion and has warned investors that it might have no alternative but to default. That announcement brought investors literally to the company’s doors, demanding their money back, and jolted analysts and the real estate industry to...
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
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.
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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.
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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.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
China's manufacturing industry produced less again in February, marking its fifth consecutive month of contraction.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Chinese banks have cut their key mortgage interest rate by a quarter point, the largest single reduction ever, in a desperate attempt to revive the real estate market that, in the past, has accounted for more than 20 percent of the country’s GDP.
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SPOTLIGHT: CHINA’S ECONOMIC GLOOM
About 40 percent of asset managers attending a Goldman Sachs conference in Hong Kong last week called Chinese equities “uninvestable,” the Financial Times reported.