China's economy shows signs of stabilising but property slump threatens outlook gazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazette.com Daily Mail and Mail on Sunday newspapers.
BEIJING (Reuters) -China's factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising parts of the wobbly economy. Industrial output rose 4.5% in August from a year earlier, data released on Friday by the National Bureau of Statistics (NBS) showed, accelerating from the 3.7% pace in July and beating expectations for a 3.9% increase in a Reuters poll of analysts. The growth marked the quickest pace since April.
China's economy shows signs of stabilising but property slump threatens outlook By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
we begin with china s evergrande because the slow motion collapse of the world s most indebted property developer has entered a new stage. evergrande has filed for bankruptcy protection in the us as the company pursues a prolonged restructuring agreement with international creditors that hold billions of dollars in bonds. according to the financial times, evergrande has liabilities of $340 billion. last month, it unveiled losses of $81 billion over 2021 and 2022 period. meanwhile, another major developer, country garden, has warned it may not be able to make interest payments on bonds as it struggles to find the cash to finish projects around the country. duncan wrigley is chief china economist at pantheon macroeconomics.
i m aaron heslehurst. we begin with china s evergrande because the slow motion collapse of the world s most indebted property developer has entered a new stage. evergrande has filed for bankruptcy protection in the us as the company pursues a prolonged restructuring agreement with international creditors that hold billions of dollars in bonds. according to the financial times, evergrande has liabilities of $3110 billion. last month, it unveiled losses of $81 billion over 2021 and 2022 period. meanwhile, another major developer, country garden, has warned it may not be able to make interest payments on bonds as it struggles to find the cash to finish projects around the country. duncan wrigley is chief china economist at pantheon macroeconomics.