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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 crisis spread beyond Evergrande in 2021 to such ...
With the development of new housing with modern facilities in rural China, many tulou residents have moved out of the structures or relocated to larger towns or cities for better jobs. However, former residents can choose to keep their ancestral tulou apartment homes under padlock for occasional use when returning home for family reunions ...
By 2014, Chinese builders have added 100 billion square feet of housing space in China, equating to 74 square feet per person. 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 ...
“China’s housing market downturn isn’t just a cyclical correction but also reflects a long-term decline in intrinsic housing demand,” they wrote, noting that 96% of urban households in ...
An official at the Ministry of Housing and Urban-Rural Development said last year that China would add 6.5 million new low-cost rental housing units in 40 major cities in 2021-2025.
Ownership rights. Ownership rights are protected under Article 39 of The Property Law of the People's Republic of China, which gives the owner the right to possess, utilize, dispose of and obtain profits from the real property. However, this right has to comply with laws and social morality.
People’s Bank of China Deputy Governor Tao Ling told reporters at a briefing Friday that the central bank would provide 300 billion yuan ($42.25 billion) to financial institutions to lend to ...
Under-occupied developments in China are mostly unoccupied property developments in China, and frequently referred to as "ghost cities" or ghost towns. The phenomenon was observed and recorded as early as 2006 by writer Wade Shepard, and subsequently reported by news media over the decades. [1] [2] Although a feature of discourse on the Chinese ...