china property market

China’s May industrial output misses forecasts, retail sales a bright spot

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China’s May industrial output misses forecasts, retail sales a bright spot

China’s May industrial output lagged expectations with the property sector still weak, adding pressure on Beijing for policy support to shore up growth, but retail sales beat forecasts thanks to a holiday boost. The industrial data released on Monday by the National Bureau of Statistics (NBS) came in below expectations for a 6.0% increase in … Read more

Even China’s 1.4 bln population can’t fill all its vacant homes: Former official

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Even China’s 1.4 bln population can’t fill all its vacant homes: Former official

BEIJING: Even China’s population of 1.4 billion would not be enough to fill all the empty apartments littered across the country, a former official said on Saturday, in a rare public critique of the country’s crisis-hit property market. China’s property sector, once the pillar of the economy, has slumped since 2021 when real estate giant … Read more