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China’s housing oversupply is far worse than previously reported, the country’s former statistics bureau deputy head says.
Construction of urban housing was a major undertaking. The country has shown a major shift in allocating funds and resources to housing their people, building over 5.5 million apartments between the years of 2003 and 2014 in China's cities. These construction projects assigned by the state influence the construction job market in China as well.
Chinese property sector crisis (2020–present) The Chinese property sector crisis is a current financial crisis sparked by the 2021 default of Evergrande Group. Evergrande, and other Chinese property developers, experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The ...
Real estate in China is developed and managed by public, private, and state-owned red chip enterprises. In the years leading up to the 2008 financial crisis, the real estate sector in China was growing so rapidly that the government implemented a series of policies—including raising the required down payment for some property purchases, and ...
The State Council is gathering feedback on the preliminary plan from various provinces and government bodies, the report added, citing people familiar with the matter. China's blue-chip CSI 300 ...
China’s real estate market remains a drag and will put pressure on global growth. New home prices fell in September, a third straight month of decline, according to data released Thursday by the ...
An investor who wants to invest or develop land or property in China must bear in mind China's property laws, most notably the property law introduced in 2007, [7] which for the first time protects the interest of private investors to the same extent as that of national interests. [8]
The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011, [1] while observing increased complaints that members of the middle-class were unable to afford homes in large cities. [2] The deflation of the property bubble is ...