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The figures suggest that China's latest steps to revive a crisis-hit property market, including lower mortgage rates and down payments, could unlock some pockets of housing demand in the most sought-after areas, but may struggle to halt the broader property market downturn. "These measures may generate a short-term rebound in property transactions, but are insufficient to stabilize the property market," Goldman Sachs analysts said in a note. But Yu Fei, a property sales agent at HomeLink, said the initial spike in interest he noticed in the first few days is already petering out. "Many homebuyers remain in a wait-and-see approach, some hoping for more radical policies to stimulate the property market," Yu said. Goldman analysts said if property sales kept sliding policymakers could release more liquidity into the market by cutting banks' reserve requirement ratios, lowering rates, easing home purchasing rules further.
Persons: Jason Lee, Goldman Sachs, Zhang Guoqiang, I'm, Zhang, Zhao Jie, Yu Fei, Yu, Goldman, Wan, Emelia Sithole Organizations: REUTERS, China Index, Haitong Securities, Longfor, HK, Thomson Locations: Beijing, China, BEIJING, HONG KONG, China's
LONDON, Aug 29 (Reuters) - As the world's best badminton players travel home after the World Championships in Denmark, the sport's leading manufacturer Yonex (7906.T) told Reuters some of them were fighting it out for the first time in sneakers made partly from recycled materials. In addition to appeasing environmentally conscious shoppers, the companies argue that switching to recycled materials helps reduce waste and their reliance on finite resources. While developing the products, Yonex thought about how to blend materials in order to overcome the challenge of the physical properties of sustainable materials generally being different to traditional materials. He added that sustainable materials currently cost more to use because suppliers mass-produce traditional materials. Yonex said it uses sustainable materials in 83% of its apparel products, such as organic cotton or recycled fibers.
Persons: Chen Yu Fei, Viktor Axelsen, Yonex, Shinichiro Chiba, Chiba, Taiwan's Victor, Richa Naidu, David Holmes Organizations: Reuters, Sports, Adidas, Badminton World Federation, Olympic, Thomson Locations: Denmark, Tokyo, China
[1/5] Badminton - All England Open Badminton Championships - Utilita Arena, Birmingham, Britain - March 19, 2023 South Korea's An Se-young celebrates on the podium after winning the women's singles final Action Images via Reuters/Andrew BoyersBIRMINGHAM, England, March 19 (Reuters) - South Korea's An Se Young smashed her way to the women's singles title at the All England Open badminton championships on Sunday, beating Tokyo 2020 Olympics gold medallist Chen Yu Fei of China. "I'm so tremendously happy," said An, 21, who had knocked Tokyo Olympics silver medallist Tai Tzu Ying of Taiwan out in the semi-finals on Saturday. It was touch-and-go for An in the second half of the final game, with Chen pressing with aggressive smashes and smart backhands. China beat South Korea in the mixed doubles final 21-16 16-21 21-12. Later on Sunday, Li Shi Feng will play fellow Chinese shuttler Shi Yu Qi in the men's final.
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