Chinese state owned enterprises are increasingly purchasing foreclosed residential properties, signaling that government backed efforts to absorb excess housing inventory are beginning to gain traction after years of market stress. The moves come as policymakers attempt to cushion the prolonged downturn in the
China’s rural banking system is increasingly exposed to the prolonged property downturn as lenders struggle to dispose of foreclosed real estate despite steep price reductions. Across less developed regions, banks have accumulated large inventories of seized residential and commercial properties following loan defaults
Party journal signals stronger policy intervention China’s leadership is being urged to take a more forceful and coordinated approach to stabilising the country’s struggling property market, according to a new commentary published by Qiushi, the Communist Party’s leading theoretical publication. The article calls
China’s prolonged property slump may deepen further, with UBS forecasting millions of loan defaults that could sharply increase the number of foreclosed homes across the mainland. According to John Lam, head of China property research at the Swiss investment bank, more than 2.4
There is an old saying that history does not repeat itself, but it often rhymes. In most areas of life, that may be true, but when it comes to real estate and the stock market, history behaves in a much more predictable way.
