Home Prices In China: New home prices fell 0.3% month-on-month, matching the figure in October, according to Reuters calculations based on National Bureau of Statistics (NBS) data.
China Property Crisis: The world s second-biggest economy has struggled to get back on its feet this year after reopening from COVID curbs, largely because its massive property sector has stumbled from one crisis to another in a major blow to consumer and investor confidence.
China Property Crisis: Beijing s top decision-makers, including President Xi Jinping, pledged at an annual closed-door meeting held Monday and Tuesday to "actively yet safely defuse risks in the real estate sector" and "meet the reasonable financing needs of real estate enterprises".
China Evergrande Group: The group, which works as an ad hoc group of Evergrande s offshore creditors, made the request after the developer earlier this week made a new offer to repay their offshore debts, the source said.