System and, of course, in china as well. I think what it means also is that amongst all of the various imbalances in the economy in china right now, the Property Sector might be the weight on the economy that lasts the longest simply because it is going to be such a slow slog in terms of restructuring this debt. We have seen pictures of unfinished buildings, families and even sometimes having to squat in those buildings because they cannot afford to pay the rent and pay their mortgage on these properties. What can china do to try to boost this up . Somehow the key to this issue right now is to complete Unfinished Projects because this will at least keep some of the financing flowing. As you mentioned, many, many projects are presold and the households that buy those properties, they make Mortgage Payments even if they are not able to take delivery of the product but as construction has come to a halt, they stop making those and that means no Income Accruing to the Property Developer th
The sea. Fourth it was quite good. Seven point four percent of those four books to read a lot to expect like it. All right. A government building. From russia the Day High School students the all that. Why is it jordy to start on cctv years on it with my buddy jay. So with the big headline in the economy to die of chinas Economic Growth rate has dropped to seven point four percent for the First Quarter of twenty fourteen the lowest is eighteen months. Its likely up on the market predictions while seven point three percent suggested via a reuters poll. Down on the Chinese Government on target all seven of the hall the scent. Chinas key economic days it was announced by the National Bureau of statistics have a News Conference that he is today. Fixed Asset Investment reached six point eight trillion yuan up seventeen point six percent from the same time last Year Investment in the Property Development sector grew close to seventeen percent. Afraid to private investment increased one point
debt across not only the property development sector but across households and other industries and so forth is quite high. same thing with local government and one of the long term issues of the economy is to deleverage andreduce some of the weight in the economy. mortgage rates in the united states have hit their highest level in 21 years. on thursday the average interest rate on a fixed 30 year mortgage went up above 7%. a year ago it was around 5%. rising mortgage rates have seriously disrupted the us housing market and a mark a long term shift in one of the biggest underlying forces in the us economy. michelle fleury has the latest from new york. for the past year economists have been fretting about the end of the low rate economy in the united states and it is in housing,
Newcomer recruitment company, Talent Butler, has opened the doors to its new office in Sydney’s Bond Street, and appointed Andrew Harper as National D.