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Search resuls for: "Li Daokui"


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☆ China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy
  + stars: | 2023-09-27 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
China's property crisis may take up to a decade to resolve, economist Hao Hong told CNBC. Hong's WeChat and Weibo social media accounts were suspended last year after a series of bearish posts on China's economy. "Fixing the property sector may be a multi-year or even a decade's work in front of us. The property sector, along with related industries, contributes as much as 30% to the country's GDP. Still, there may be an upside ahead for China's economy once the property market's problems are resolved, Hong told CNBC.
Persons: Hao Hong, Hong's WeChat, —, Keng, that's, Hui Ka Yan, Hong, Hao, 洪, China's, Hong's, Li Daokui, Evergrande Organizations: CNBC, Weibo, Service, Grow Investment, China, Bloomberg, Investment, CFA, Twitter, Nikkei, Bank of Communications International, People's Bank of China Locations: China, Shanghai, Weibo
☆ Evergrande stocks have tanked 27% this week, suggesting the worst is far from over for China's property sector
  + stars: | 2023-09-26 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
Chinese property giant Evergrande's shares have tanked 27% so far this week. AdvertisementAdvertisementRecent developments at Chinese property giant Evergrande aren't quite inspiring confidence in China's real estate market. Evergrande is worth about 5.3 billion Hong Kong dollars, or $678 million, now – a massive fall from grace from the company's heydays in 2017 when it was worth nearly 420 billion Hong Kong dollars. AdvertisementAdvertisementThe massive slump in Evergrande shares also suggests that the worst is far from over for China's property sector, wrote Junrong Yep, a market strategist at online trading platform IG, in a Tuesday note seen by Insider. China Evergrande shares on the Hong Kong Exchange were 7% lower 40 Hong Kong cents at midday on Tuesday.
Persons: —, Evergrande's, Pan Darong, Xia Haijun, Li Daokui, Li, Evergrande —, Evergrande Organizations: Bloomberg, Service, Hong, Authorities, Group, . Investment, People's Bank of, China, China Evergrande, Hong Kong Exchange, People's Bank of China Locations: Hong Kong, Evergrande, China, People's Bank of China
☆ China's property market is showing signs of bifucation: Former PBOC advisor
  + stars: | 2023-09-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property market is showing signs of bifucation: Former PBOC advisorLi Daokui from Tsinghua University says property sales in China's third and forth-tier cities will pick up in the next 6 to 12 months.
Persons: Li Daokui Organizations: Tsinghua University
☆ China's property market is going in 'two directions,' says ex-central bank advisor
  + stars: | 2023-09-08 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +1 min
China's real estate sector is going in "two directions," and even though further stimulus is expected, a recovery will not likely happen soon, according to a former advisor to the People's Bank of China. "The property market right now in China is actually two-fold. It's actually going into two directions," Li Daokui, now a professor of economics at Tsinghua University, said Friday. China's property market has been rocked by faltering consumer confidence in real estate companies as property giants Evergrande and Country Garden face debt woes. China's house prices slipped in July, falling 0.1% year-on-year after a brief recovery in May and remaining flat in June.
Persons: Li Daokui, Evergrande, Li Organizations: People's Bank of China, Tsinghua University Locations: China
☆ Yellen's China visit: She's very much preferred over Blinken, professor says
  + stars: | 2023-07-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYellen's China visit: She's very much preferred over Blinken, professor saysLi Daokui, Mansfield Freeman Professor of Economics at Tsinghua University and former advisor to China's central bank, says that when it comes to China, U.S. Treasury Secretary Janet Yellen is a "preferred person" compared with Secretary of State Antony Blinken.
Persons: Li Daokui, Mansfield Freeman, Janet Yellen, Antony Blinken Organizations: Tsinghua University, Treasury Locations: China, U.S
☆ China has an inflation problem. It’s way too low
  + stars: | 2023-04-24 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
That’s raising the specter of a tailspin of falling prices and wages from which the economy may struggle to recover. “Our core view is that China’s economy is deflationary,” wrote Raymond Yeung, chief economist for Greater China at ANZ Research, last week, soon after China released its first-quarter GDP growth figures. Instead of spending money, people are hoarding cash at a record rate. “Even with a conservative estimate, 500 billion yuan in consumption vouchers will drive one trillion yuan in overall consumption, ” Li said in a video posted on his Weibo social media account on Tuesday. In return, the government could receive at least 300 billion yuan through taxes generated by the increase in spending, he said“So it only takes 200 billion yuan in spending for the central government to drive one trillion yuan in consumption,” he said.
☆ China will probably reopen by late March 2023, economics professor says
  + stars: | 2022-11-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina will probably reopen by late March 2023, economics professor saysLi Daokui of Tsinghua University discusses the country's vaccination rates, particularly among the elderly.
☆ China could reopen in March, but zero-Covid has shaken confidence in supply chains, economist says
  + stars: | 2022-11-30 | by ( Su-Lin Tan | ) www.cnbc.com   time to read: +4 min
Over the weekend, protests broke out across China in a rare display of frustration over China's zero-Covid policy and prolonged lockdowns. Rare protests broke out across China over the weekend as people vented their frustration over China's zero-Covid policy and prolonged lockdowns. "People are complaining about things but the only thing on people's mind is the zero-Covid policy. And people in all walks of lives are simmering with discontent about the continuation of this policy," Li said. "One major and philosophical reason is that the zero-Covid policy was designed to fight [the] virus, which was three years ago but now the virus has changed.
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