Tag: Chinese real estate market

China’s Local Financial Shortfall to Reach 6 Trillion Yuan As Housing Market Plunges: Expert Predicts

August 2, 2022
ChinaChina Business & EconomyChina land salesChinese real estate marketunfinished buildings
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The Chinese real estate market collapsed in July with all indices falling. An expert predicts that the real estate plunge, together with the economic slowdown, will lead to a financial shortage of 6 trillion yuan (about $889.6 billion) for local governments for the year, as the local governments’ revenues from land sales may be halved…

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‘Make-Big’ Ambitions Plunge Chinese Real Estate Sector Into Debt Over-Load

February 21, 2022
AnalysisChinaChina Business & EconomyChinese real estate marketevergrandeOpinionVanke
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News Analysis While Vanke, a major Chinese real estate development company, set its target on fighting to survive in 2022, another real estate giant Evergrande was on the verge of a liquidity crisis. In the past years, changing policies and the “making-big” ambition of China’s Communist government have tipped the country’s real estate sector into…

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