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Search resuls for: "today's China"


5 mentions found


☆ China's economic model isn't working, but that doesn't mean the country's headed for a 'Lehman moment'
  + stars: | 2023-08-26 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
And, similar to the crisis that ultimately toppled Lehman Brothers in 2008, much of China's troubles are rooted in its property sector. China's property crisisFront and center for any comparison between today's China and the US in 2008 is the real estate market. "The boom that characterized the property sector of the last decade is over," he said. AdvertisementAdvertisementStill, given the scale of China's property market, policymakers may need to step in with fiscal stimulus to avoid catastrophe. "Rather, it'll be a slow-moving, structural economic crisis that could last for years.
Persons: hasn't, Lehman, Xi Jinping, Alfredo Montufar, William Hurst, Hurst, it's, Helu, Evergrande, Nicholas Spiro, Spiro Organizations: Service, Lehman Brothers, People's Bank of, China Center, Conference Board, Citi, Zhongrong, University of Cambridge, Country Garden Holdings, Lauressa Locations: China, Wall, Silicon, People's Bank of China, Japan, Beijing
☆ China's economic challenges gather steam as new loans plunge, property fears loom
  + stars: | 2023-08-14 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +4 min
Real estate problems persist with once-healthy developer Country Garden now on the brink of default. Real estate dragChina's massive real estate sector, where the majority of household wealth is parked, has reemerged as an area of concern that it could drag down the broader economy. Developer Country Garden announced over the weekend it was suspending trading in at least 10 of its mainland-China traded yuan bonds. The more the government tries to help the real estate industry, the longer it takes for the industry to find a reasonable bottom. State-owned developers have also fared better in terms of recent sales than non-state-owned developers, data show.
Persons: Aly Song, Lu Ting, corporates, Xiangrong Yu, Goldman Sachs, Louis Lau Brandes, Louis Lau Organizations: Bund, Reuters, Nomura, Citi New, Citi, Garden, ., Country Garden's U.S, China U.S, Goldman, Louis Lau Brandes Investment Partners, Brandes Investment Partners Locations: Pudong, Shanghai, China, Reuters BEIJING, Japan, today's China, corporates, State, South Korea
☆ China signals more support for real estate with a 'big change' in tone
  + stars: | 2023-07-26 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
Construction on a real estate project in Yantai, Shandong province, gets under way on July 8, 2023. Nurphoto | Nurphoto | Getty ImagesBEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. The statement reflects a "much clearer understanding about the seriousness of the situation," said Qin Gang, executive director of China real estate research institute ICR. He expects policies beneficial to the real estate market and consumption will come out in coming days. So far, the biggest real estate policy change has been this month's extension of measures to support developers, which were first revealed in November.
Persons: Larry Hu, Hu, Qin Gang, Ricky Tsang, China's, Tsang, It's, Zong Liang, Zong, Tommy Wu, Wu Organizations: Nurphoto, Getty, CNBC, Macquarie, People's Bank of China, Qin, Seng Property Development, National Bureau of Statistics, Bank of China Locations: Yantai, Shandong province, BEIJING, China
☆ How a quest for identity made China the luxury powerhouse that it is today
  + stars: | 2023-06-09 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +5 min
"Traditions provide identity. As CCP has destroyed Chinese traditions, luxury brands step in to provide that," he tweeted. Consider this: The country's luxury market is set to hit 816 billion yuan, or $115 billion, by 2025. "Traditions provide identity. Rapid urbanization and consumerism did more to fuel China's luxury boom than a lack of religion, he said.
Persons: Desmond Shum, —, That's, PwC, Bernard Arnault —, Shum —, Shum, Simon & Schuster, Pierre Xiao Lu, Lu, Karl Gerth, Gerth, Yuwan Hu, Chanel, Dior, Louis Vuitton Organizations: CCP, Service, Privacy, Shanghai's Fudan University, Wharton, University of California, Daxue Consulting Locations: China, Europe, Today's China, San Diego, Beijing
☆ Canada launches new Indo-Pacific strategy, focus on 'disruptive' China
  + stars: | 2022-11-27 | by ( David Ljunggren | Thomson Reuters | Covers Canadian Political | ) www.reuters.com   time to read: +3 min
OTTAWA, Nov 27 (Reuters) - Canada launched a new Indo-Pacific strategy on Sunday, vowing more resources to deal with a "disruptive" China while working with the world's second-biggest economy on climate change and trade issues. But the focus is on China, at a time when bilateral ties are frosty. "China is an increasingly disruptive global power," said the strategy. Canada belongs to the Group of Seven major industrialized nations, which wants significant measures in response to North Korean missile launches. Official data for September show bilateral trade with China accounted for under 7% of the total, compared to 68% for the United States.
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