I’ve written all of this because friends urged me to offer some reflections on the year gone by and jot down a few thoughts for the upcoming year. But I didn’t want to waste my time looking up data points. Anyway, I don’t see that there was all...
Some observers have been predicting an economic collapse in China for decades. Others have long predicted that China would be stuck in a middle-income trap or some other type of economic stagnation. Might some of these predictions come true this...
The authorities said they would stop funds being illegally funneled into property and that capital flow would be more forcibly balanced between real estate and other industries.
Ocean Flower Island is a vision of luxury, Chinese-style. A man-made archipelago off the coast of the tropical island of Hainan in the South China Sea, it will boast thousands of apartments, 28 museums and 58 hotels including one which is “7-star...
Chinese banking regulators have told lenders to crack down on the use of consumer loans to finance home purchases, the latest effort to cool down the overheated property market and rein in financial risk.
Last week Dalian Wanda sold several theme parks and dozens of hotels for $9.3 billion, marking the end of Wang Jianlin’s dream to defeat Disney (DIS) in China. The billionaire said the deal would reduce his company’s debt burden. It followed...
Fortune Makers analyzes and brings to light the distinctive practices of business leaders who are the future of the Chinese economy. These leaders oversee not the old state-owned enterprises, but private companies that have had to invent their way forward out of the wreckage of an economy in tatters following the Cultural Revolution.
China’s economy, the world’s second-largest behind that of the United States, grew 6.9 percent in the first quarter, led by strong expansion at factories, Chinese officials said Monday.
Within 24 hours of Saturday’s announcement that the government would create the Xiongan area in Hebei province—in the same spirit that Shenzhen and Shanghai’s Pudong was built—hordes of prospective buyers had thronged to the region.
The family of President Trump’s son-in-law and adviser, Jared Kushner, has called off talks with Chinese insurance company Anbang to redevelop a Manhattan office tower—a deal that raised ethical concerns.
Property sales by area rose 25.1 percent year-on-year in January and February.
Family company of president’s son-in-law in deal with Anbang, one of China's largest insurance companies. Plan is circulating among investors for more equity partners.
Curbing wasteful socialist-era business practices and taming unruly real estate and lending sectors will take center stage at the annual meeting of China’s legislature, which starts next week, with some also looking for signs of a...
At $9.8 million, the recently built property is a relative bargain. A similar-sized home in Beijing would cost twice as much. Yet two months after it was placed on the market, the house remains unsold. Not long ago, real estate like this would...
South Korea’s finance minister said on Thursday China had not taken any retaliatory measures over plans to deploy a U.S. anti-missile system that warranted official action, although South Korea is ready to lodge a formal complaint if needed.
China’s economy firmly hit its growth target last year, but this is China, where figures are sometimes doubted and where economists look for signs of strain underneath the numbers.
A government think tank predicts China’s direct investment overseas, after years of robust gains, is likely to decline in 2017
It's Chinese investors and a developer in Brooklyn- with a digital lending twist
Planeloads of buyers fly in as condos rise from the sea
Rising property prices have been inspiring desperate measures, as frenzied buyers are seeking to act before further regulatory curbs are imposed
There are signs mortgages are crimping household spending, in an economy increasingly reliant on domestic consumption
Chinese cities have rolled out new measures over the past week to cool a home-buying frenzy that has seen prices skyrocket, marking a new round of tightening since policies were eased two years ago. More than a dozen of China's largest cities,...
Even as Chinese authorities desperately try to cool down an overheated housing market, their efforts are unlikely to halt the rise of speculators greased by low borrowing costs
Speculators targeted as 15-month price surge persists
As China's economy slows and defaults rise, 'bad loan' managers say they spot an opportunity to pick up bargains, because lenders are eager to shed toxic debt that might otherwise poison the broader financial system. Yet questions remain about...
China has seen its foreign reserves depleted for months, but economists don’t agree about why: Is it because Chinese people are buying offshore assets, such as real estate? Because Chinese companies are paying down their foreign debt? Or both? Or...
Undelivered homes drive some buyers to sue while developers seek refunds on land.
Amid a prolonged economic downturn and a weakening yuan, Chinese investors have turned their focus to buying overseas assets. While there are a number of complicated reasons behind the massive capital outflows over the past 18...
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this is happening, the...
Analysts fear the Goldin development, which is meant to be the heart of a new commercial district, is the wrong project at the wrong time.
“If China allows high leverage in the housing market, it could lead to a financial disaster.”
You can't ignore the lower-end demand because there is none at the higher end.
A giant luxury resort planned on a beach outside the Bahamas’ capital, Nassau, that is supposed to be a showpiece to help China’s largest construction company tap the U.S. market has become a headache for both its builder and a lender.
The...
Developers also take the search for investors in their projects on the road, primarily to China.
Wang tends to present himself as the pragmatic face of big business in China.
Regulator warns investors not to borrow money or sell property to buy shares.
China’s steel and metals markets, a barometer of the world’s second-biggest economy, are “a lot worse than you think.”
Luigi Tomba, expert on municipal government in China, fellow at the Australian Centre on China and the World, and author of the book ...
Every urban real estate market is different in mainland China, driven by myriad municipal and provincial regulations and the varying strength of local economies. But the outcome is the same: The property market is under serious pressure.
Trucks loaded with construction materials park in front of a vacant lot in El Monte, where a homeless man slumbers on the sidewalk next to a mountain of rags and trash bags. Overhead, colorful flags whip in the breeze, advertising opportunities...
Few foreigners know China as intimately as Anne Stevenson-Yang does. She has spent the bulk of her professional life there since first arriving in 1985, working as a journalist, magazine publisher, and software executive, with stints in between...
“China has clear signs of ‘froth,’ if not a bubble, in housing,” says Goldman Sachs. It looks reminiscent of the bubbles in Japan in the early 1990s and the U.S. from 2006 to 2010, it says—and finds China might turn out differently.
The sale allows the companies to “finally maximise the full value of this iconic asset on a full city block in midtown Manhattan,” said Christopher Nassetta, chief executive of Hilton Worldwide.
Remember the good old days when people didn't talk obsessively about real estate and housing prices, and dinner parties would feature conversations about art? Well, so do we, but with those days long gone we're delighted to host two experts on...
A recent academic report on wealth inequality in China shows that the top one percent of households holds one-third of total assets, while the bottom fourth holds only one percent.
The report, published by a research institute in Peking...
A century ago, Chinese feminists fighting for the emancipation of women helped spark the Republican Revolution, which overthrew the Qing empire. After China's Communist revolution of 1949, Chairman Mao famously proclaimed that "women hold up half the sky." In the early years of the People's Republic, the Communist Party sought to transform gender relations with expansive initiatives such as assigning urban women jobs in the planned economy. Yet those gains are now being eroded in China's post-socialist era.
With a weak US dollar, strong yuan and China’s own real estate market cooling after years of explosive growth, Detroit is an attractive—but high-risk—option for Chinese property developers.
The world's largest trading nation's economic growth remains heavily dependent on property, meaning a sharp downturn in that sector would be felt across Asia and beyond.
Many Chinese buyers are switching their interest away from markets like Shanghai, Hong Kong and Singapore amid fears that prices have soared to frothy levels in those cities.
Police nabbed property developer Zhao Xingru and detained her for more than thirty days in late 2012 and early 2013 based on fraud allegations filed by executives at one of the country's largest developers, Hangzhou-based Greentown China Group....
Chinese investment in London real-estate has risen 1,500 percent since 2010.
There is hope that the Third Plenum, an important meeting in the life cycle of each five-year Party Congress, could bring real change in the spheres of real estate, banking, state-owned enterprises and currency.
It is impossible to know with certainty when the property bubble will burst, but burst it will, and anyone visiting China five years from now will be lucky to find prices at 60% of the current values.
In a surprising and possibly landmark deal for Bay Area development, a Chinese firm is reviving a $1.5 billion waterfront real estate project. The deal continues a wave of institutional money flooding Oakland’s real estate market....
Chinese developers are starting to take advantage of demand for real estate around the world from Chinese nationals as the government imposes property curbs at home.
In Shanghai and Beijing, stricter laws governing residence status and residence-related taxes in order to offset a real estate bubble that could seriously damage the economy and exacerbate social tensions between the rich and the poor....
China has been trying to slow its runaway growth and morph itself from an export-driven economy to one more like America, with no evidence of success.
Dorinda Elliott:
At this week’s National People’s Congress, outgoing Premier Wen Jiabao proclaimed that the government kept housing prices from rising too fast. Really? I wonder what my 28-year-old Shanghainese friend Robert...
Cultural Revolution child Zhang Xin talks with Leslie Stahl about her transformation from sweatshop worker to self-made billionaire.
