China’s consumer price index (CPI) and producer price index (PPI) data for March both fell short of expectations year-on-year. The communist regime’s economic development model is in a vicious cycle of balance-sheet recession, says an economist, and this is just the tip of the iceberg. China’s economic winter will worsen, he predicts. China’s CPI rose…
China’s March CPI, PPI Falls
April 20, 2023
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229 Chinese Billionaires, Including Real Estate Tycoons, Drop From Global Rich List
March 29, 2023
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News Analysis According to the Hurun Research Institute, 229 Chinese billionaires have fallen from this year’s global rich list, accounting for more than half of dropouts. The wealth of real estate tycoons dropped at an alarming rate, with more than 10 on last year’s list completely falling out of the ranking this year. Against the…
China Continues Monetary Easing Policies As Consumers Continue to Hesitate
China’s central bank is continuing its monetary easing policy in 2023 in a bid to stimulate consumption to boost the economy and stabilize the property market, but the real estate market is still falling in most cities. At the same time, data in January showed a continued rise in the country’s infrastructure spending plus a…
China’s Housing Companies Face Debt Ceiling in 2023
Chinese property companies that survived the debt peak in 2022 may not be able to get through 2023. Meanwhile, although a research institute says that China’s housing companies have “seen the dawn,” most private real-estate companies still fail to issue bonds. On Feb. 7, Guangzhou Times Holding Group Co. Ltd. announced that it would suspend…
China’s Real Estate Crisis Worsens as Sales Continue to Plummet
China’s properly sales remain sluggish despite China’s central bank enacting policies to stimulate the market. According to China Real Estate Information Corp (CRIC), there is a consensus that the real estate sector is on a downward spiral and is truly heading for an era of negative growth. The Chinese regime and the central bank introduced…
CCP Now Scrambles to Save Economy After 3 Years of Extreme COVID-19 Restrictions Fail to Prevent Outbreak
December 29, 2022
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The Chinese Communist Party (CCP) held an economic work conference in Beijing a week after its sudden abandonment of “zero-COVID” amid exponentially increasing citizen reports of COVID-19 cases and deaths. During the meeting, Chinese leader Xi Jinping stressed the need to “vigorously boost market confidence” while expressing strong support for the country’s private sector. Beijing announced…
Leading Chinese Real Estate Companies Postpone Annual Reports
As of the end of March, a number of real estate companies in China have announced that they will postpone the release of their 2021 annual results and therefore cease trading in their shares as of April 1. Experts believe that the downward trend of China’s real estate market will exacerbate financial pressure on the…
Top 10 Asian Funds Hit Hard by Chinese Property Debt
A German data service released an analysis report on China Evergrande on Nov. 17, revealing that the default of China Evergrande and the Chinese real estate crisis caused estimated losses of about $10 billion for the top 10 professional pension funds and investment funds in Asia. Among them, China Evergrande’s bonds are the riskiest, with…
How Property Tax Will Affect China’s Middle Class Families
News Analysis Chinese authorities recently announced that they will roll out a pilot property tax plan in different parts of the country and likely implement property taxes nationwide in the future. This will undoubtedly be a major blow to China’s urban middle class that greatly affects their spending power. On Oct. 23, the Standing Committee…
New Construction in China Declines for 6th Month, Largest Downward Trend Since 2015
October 18, 2021
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China’s new construction starts declined for a sixth month in September, marking the longest downward trend since the March-August 2015 downturn. New construction starts in September fell 13.54 percent from the year prior, the third month of double-digit declines, according to Reuters calculations based on January-September data released by the National Bureau of Statistics on Monday. Property…
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