China property

The country’s new home prices continued to fall in July

[BEIJING] China on Friday (Aug 28) issued guidelines for local governments to reform their housing sales system, requiring a shift towards the sale of completed housing units to curb delivery risks as Beijing seeks to stabilise the crisis-hit property sector.

The crumbling facades of Evergrande Cultural Tourism City point to the property crisis weighing on the world’s second-largest economy

But the two countries’ differences – fiscal, demographic and political – point to a longer recovery for China

Emerging sectors remain too small to offset the drag from a continued housing slump, analysts say

Liquidators have been pursuing jailed tycoon’s around US$7.7 billion in assets worldwide

The fund has more than the outstanding amount of mortgage loans

New home prices fell 0.1% in July from the previous month

Authorities now face a daunting task of reviving business and household spending