China’s property market was virtually non-existent 25 years ago, but it is now one of the most critical pillars in this country and the source of incredible wealth for many of China’s citizens. Last year property prices in China’s tier one cities made another gravity-defying leap last year. By September, new home prices had jumped 27.8% in Beijing, 32.7% in Shanghai and a meteoric 34.1% in Shenzhen year-on-year. The health of this pillar remains a top concern of the government and citizens alike. But is there a looming crisis? In the near term, the answer seems to be no.
Xu Chenggang on Chinese Economic Reform: Government Stimulus Cannot Sustain Long-Term Growth
China’s economic growth over the past few decades has impressed the world. But the world’s second largest economy now faces a difficult transformation: from relying on exports and investments to developing domestic demand. That’s not easy. Government-led stimulus is only a temporary solution and only looked reasonable in the first few years after the recent global financial crisis. In fact, the main problem facing the Chinese economy has been the weak demand in domestic market which manifested clearly in 2006, and became more obvious when growth slowed down.
China Data: A Drop in Carbon Emissions in China
From stats on China’s megacities to the drop in carbon emissions in China, the numbers you need to know.
China Roundup: Chinese GDP Growth Likely to Fall Below 7%
The first quarter Chinese GDP growth may fall below the 7% target and the US has softened its stance on the Asian Infrastructure Investment Bank.
China Roundup: RIP. Yahoo China
This week saw the end of Yahoo China, the Shanghai Composite Index peaked, and Uber found an unlikely partner in the Warren Buffet-backed BYD.
The Chinese Property Market Conundrum
As the Chinese property market slows and complicates the country’s economic outlook, the government faces a tricky balancing act.
Busted! China’s Real Estate Bubble and Other China Myths
Carnegie Endowment’s Yukon Huang offers a new perspective and demystifies some popular notions about China, such as fears about the real estate bubble.
China Roundup: Chinese economy grows by 7.3% (only) and Tesla turns to Tmall
This week, all eyes were on the Chinese economy growth figures, the lowest since 2009; and and Tesla stunned company watchers by opening a store on Tmall.
China Roundup: China PMI index up; raids on Microsoft and Alibaba invests in Kabam
This week, China PMI index (Purchasing Managers Index) showed a slight improvement as did the Shanghai Composite Index; Microsoft likely to face anti-monopoly charges; and Tesla changes its stance on charging stations. Numbers You Should Know Even as the world is still taking in all the economic data released by the US this week, here […]
China Roundup: Chinese economy grew 7.5% in Q2; Alibaba delays IPO; and another bond market default on the horizon
The week that was: the Chinese economy clocked 7.5% growth; new home prices still in a tailspin; Shanxi-based Huatong Road & Bridge Group heads for a bond market default; and Alibaba delays its IPO. China growth picks up steam The world’s second-largest economy grew 7.5% in the second quarter, slightly faster than the 7.4% rate […]
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