China October property investment slumps at fastest pace since early 2020

Switzerland Nachrichten Nachrichten

China October property investment slumps at fastest pace since early 2020
Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Property investment fell 16% year-on-year in October theSun theSundaily SunBiz China Beijing propertyinvestment investors business

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

: China’s real estate investment fell at the fastest pace in 32 months in October, as strict Covid-19 restrictions and property woes weighed, but an aggressive plan to restore liquidity in the sector boosted the outlook.

China’s property sector, once a pillar of growth, has faced multiple headwinds since regulators sought to curb excessive borrowing from mid-2020. The clampdown has triggered falls in property sales, bond defaults and the suspension of housing construction, angering homeowners which have threatened to stop mortgage payments.

Funds raised by developers fell 26% from a year earlier in October, after a 21.3% slump in the previous month. But Chinese regulators have outlined multiple financing measures for the cash-strapped industry, sources said, sending property stocks and bonds soaring on Monday.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

theSundaily /  🏆 25. in CH
 

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen



Render Time: 2025-01-20 05:37:53