Is planning to buy some of those apartments, relax the rules on Mortgage Borrowing and step in to put the finishing touches on unfinished units. Separately, one of those big developers, Country Garden holdings, was today given another four weeks by the high court in hong kong to sort out its 190 billion of debts before hearing a petition from debtors to wind the company up. Duncan wrigley, Chief China Economist at Pantheon Macroeconomics joins us. What do you make of what weve heard today . Is it enough to contain the chinese Property Crisis . Yes, i think what weve heard today is from various officials, its helpful, but its probably not a panacea. So, you are right, there are moves to boost Housing Demand through easing mortgage terms, allowing people to borrow more, lowering Interest Rates and that should boost Housing Demand but a lot of that will go into the second hand Housing Market where there is a big overhang. The second big policy is allowing governments, especially local gov
At one point, it rose to the highest since july. A slightly stronger, ahead of those gdp numbers. Weiland markets right now, are seeing ties stocks up about one third of 1 . A lot of focus has been on that as china says they will curb. India looks to be a green day. The rupee seeing strength at 63. 89. Haslinda taking a look at currencies, the aussie weakening after rising to fourmonth highs versus the greenback on risk on at 111. 29, up 3 versus the dollar since november. Investor interest in japan stocks. Bitcoin on a trip down. People are beginning to ask what does bitcoin and dotcoms have in common . That plunge spooking some investors. We stay prepared for the worst. We get more on the markets later on. On to theets get first word news. Rose chinas home prices in the most cities in six months in december even as the government prolonged a campaign to curb property speculation. Rose and 70 cities tracked by the government compared with 50 in november. Isis fell in seven cities from
China s housing crash could set back millions of promising careers businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Country Garden Seeking Exit From Chinese Chipmaker CXMT, Sources Say bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.