Chinese no longer want to buy houses macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Chinese property falls off cliff, economy to follow macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
The value of combined contracted sales at the country’s top 100 developers fell 47.2 per cent in February from last year, widening from a slump of 41 per cent in January, according to CRIC.
Chinese home buyers confidence has evaporated macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Investors seem to have lost their appetite for bonds issued by Chinese developers while rising defaults have pushed the cost of funding for the entire sector.