Analysts: China’s property stock surge unsustainable
Stock investors have been cheered by the long-hoped-for rally of Chinese property shares so far this month but analysts warn that the surge cannot be sustained over the medium term.
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Stock investors have been cheered by the long-hoped-for rally of Chinese property shares so far this month but analysts warn that the surge cannot be sustained over the medium term.
China added three American defense contractors to its Unreliable Entity List on Monday, the day of Taiwan’s presidential inauguration, and accused them of having sold arms to the island.
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.
China is considering a nationwide scheme to reduce inventory in the property markets by urging local governments to purchase unsold homes from distressed property developers.
Chinese bank deposits in the trillions of renminbi were vitalized to leave the banking system last month but the money has not yet been well-used in the real economy.
A plan to transit Russian natural gas to China via Kazakhstan has recently triggered a hot debate among Chinese pundits over the fate of the long-discussed Power of Siberia 2 project.
Huawei Technologies is at the center of yet another skirmish in the Sino-American tech war.
Reemphasizing his country’s neutrality in the Ukraine War after Washington accused Beijing of helping Moscow rebuild its defense industrial base, Chinese President Xi Jinping has begun his first trip to Europe in five years.