DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Zhengxin Zhang - 1 Zhang - 1 Evergrande - 1 Sonali Jain - 1 Chandra - 1 Nir Klein - 1
Top related locs:
Huai'an China BEIJING Beijing Evergrande Hong Kong Asia Pacific
Top related orgs:
Nurphoto - 1 Getty - 1 International Monetary Fund's - 1 IMF - 1 U.S . - 1 People's Bank of China - 1

Search resuls for: "Zhengxin Zhang"


3 mentions found


☆ IMF expects new housing demand in China to drop by around 50% in the next decade
  + stars: | 2024-02-02 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Nurphoto | Nurphoto | Getty ImagesBEIJING — Demand for new housing in China is set to drop by around 50% over the next decade, making it harder for Beijing to quickly bolster the country's overall growth. China's real estate sector and related industries have accounted for about a quarter of the country's gross domestic product. Zhang said China's housing demand would remain large, and policy support would gradually kick in. "Therefore, a significant decline in housing demand is very unlikely to happen," he said. The IMF report compared housing demand and new starts from the 2012 to 2021 period with estimates for 2024 to 2033.
Persons: Zhengxin Zhang, Zhang, Evergrande, Sonali Jain, Chandra, Nir Klein Organizations: Nurphoto, Getty, International Monetary Fund's, IMF, U.S ., People's Bank of China Locations: Huai'an, China, BEIJING, Beijing, Evergrande, Hong Kong, Asia, Pacific
☆ China keeps insisting its real-estate market is not in a crisis — even as just about every sign points to the opposite
  + stars: | 2023-02-06 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +5 min
The IMF said in a report on China's economy that the country's property crisis remains "unresolved." But China's hit back at that, saying its property market "has been operating smoothly in general, and is not in a 'crisis' situation." China's real estate market has been mired in debt woes for the past few years. The IMF says China's property crisis "intensified" in 2022The IMF said in its Friday report China's property crisis "intensified" in 2022. The debt crisis also had a deep social impact.
☆ China's real estate crisis isn't over yet, IMF says
  + stars: | 2023-02-03 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
China's real estate market has slumped in the last two years after Beijing cracked down on developers' high reliance on debt for growth. Future Publishing | Future Publishing | Getty ImagesBEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. Chinese authorities started to ease restrictions on financing for the sector over the last several months. Still, residential floor space sold in China dropped by nearly 27% last year, while real estate investment fell by 10%, according to official numbers. The IMF report pointed out that a significant portion of investors in Chinese developers' bonds have been affected.
0 next >>
Total: 3