China mulls tax, fiscal reforms as land sales fall
The Chinese government is expected to unveil tax and fiscal reforms next month that will allow local governments to explore new tax sources to offset their losses in land sales revenue.
Property crisis asian news
China unveils property stimuli amid falling sales
China on Friday unveiled an unprecedented package of measures to encourage homebuyers to enter markets, after property sales and investment fell in the first four months of this year.
Analysis: Xi Jinping's latest purge hints property crisis has reached inner circle
Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as China bureau chief. He was the 2014 recipient of the Vaughn-Ueda International Journalist prize.
China's property crisis hits small regional banks harder than big players
HONG KONG -- China's property crisis is taking a particularly heavy toll on small banks in low-growth provinces, as bad debts to developers erode their finances.
Vonovia falls 6% after its biggest ever loss shines light on Germany's property crisis
Shares of German property giant Vonovia fell as much as 7% on Friday, shining a light on a deepening real estate crisis in Europe's largest economy.
Australia's major miners buoyed by China demand despite property crisis
SYDNEY -- Australia's largest mining companies say steel demand in China remains strong despite a slowdown and property crisis in the world's second-largest economy, with the price of iron ore holding up and delivering earnings largely in line with analysts' expectations.