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Top related persons:
Evergrande - 1 homebuyers - 1 Nomura - 1 David Stanway - 1 Jason Lee - 1 – - 1 Moody's - 1 Yawen Chen - 1
Top related locs:
China Burj Burj Khalifa Sunac China Kunming Yunnan province Beijing Xuchang
Top related orgs:
Country - 1 Garden - 1 Estate Information Corp - 1 CIFI Holdings - 1 Sunac - 1 National Bureau of Statistics - 1 China - 1 Investment - 1

Search resuls for: "Xuchang"


2 mentions found


☆ China Risks Property Debt
  + stars: | 2023-09-26 | by ( ) www.reuters.com   time to read: +8 min
Source: China Real Estate Information Corp. (CRIC)The physical size of Country Garden’s real estate portfolio is enormous. The Weight of Debt The ballooning debt crisis could delay the prospect of a recovery of both the property market and the broader Chinese economy, in which real estate is a core pillar. China property sector slump China’s property sales, investment and funds raised by property developers slid in January - August 2023 after a sharp fall in 2022. China's property sector accounts for more than half of global new home sales and home building, according to Nomura. Any contraction in the property sector will affect China’s growth, thus sending ripple effects around the globe as the world’s factory slows.
Persons: Evergrande, homebuyers, Nomura, David Stanway, Jason Lee, –, Moody's, Yawen Chen, Amr Alfiky Organizations: Country, Garden, Estate Information Corp, CIFI Holdings, Sunac, National Bureau of Statistics, China, Investment, REUTERS, International Monetary Fund, Nomura, JPMorgan, Dubai, National Bureau of Economic Research Locations: China, Burj, Burj Khalifa, Sunac China, Kunming, Yunnan province, Beijing, Xuchang, Henan province, United Arab Emirates
☆ China's Guangzhou city brings back mass testing to fight worst COVID outbreak
  + stars: | 2022-11-09 | by ( Liz Lee Bernard Orr | Liz Lee | Bernard Orr | ) www.reuters.com   time to read: +4 min
The districts in Guangzhou subject to mass testing this week include Haizhu, which has seen the bulk of the city's cases. Lily Li, a Guangzhou resident, said the outbreak in the city had worsened in the past two days, having spread to Tianhe, just north of Haizhu. While COVID cases in China are small by global standards, the policy response has been relentless and mass testing for large populations has been the norm since 2020. Mass testing is generally free, but some local governments are resuming charges for tests as their finances come under strain amid a slowing economy. A COVID testing company in Xuchang, a city in Henan province, said on Tuesday they would stop all testing-related work from Friday due to late payments from authorities.
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