China Consumption Unexpectedly Slows in Warning Sign to Economy
China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s second-largest economy.
Latest Videos
The information you requested is not available at this time, please check back again soon.
China’s retail sales grew at the slowest pace since 2022 while industrial production accelerated, highlighting the unbalanced recovery of the world’s second-largest economy.
China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with knowledge of the matter.
Country Garden Holdings Co. has begun a major legal battle, squaring off in a Hong Kong court against a creditor seeking the liquidation of the defaulted Chinese developer.
China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long property crisis.
Shares of Chinese property developers extended a rally as investors expect Beijing to unveil more policy support after a Friday meeting to salvage the beleaguered market.
Mar 15, 2018
Bloomberg News
,Hotel sales in Canada will stay strong yet are set to slip from the near-record levels of the past two years with fewer large-scale deals being made, according to CBRE Group Inc.
High demand for stable assets in major markets will continue to prop up transactions, with hotel investments projected to total $3 billion this year, the real estate services firm said in a report. That’s down from $3.4 billion and $4.1 billion in 2017 and 2016, respectively.
“This is still a really strong period, though we do anticipate the large-entity deals and M&A deals to be fewer this year, with overall activity in individual and small-portfolio sales,” Bill Stone, a Toronto-based executive vice president at CBRE Hotels, said in a phone interview. “It’s a very brisk market both from a transaction standpoint and on an operating basis.”
Foreign capital played a big role in the past two years, with two of the largest purchases made by companies with ties to Hong Kong. In 2017, Leadon Investment Inc. bought a group of upscale hotels across Canada from British Columbia Investment Management Corp. for $1.1 billion. The year before, InnVest Real Estate Investment Trust was acquired for about $2.1 billion by Bluesky Hotels & Resorts Inc.
Portfolio sales like those are rare, so total transaction volume is likely to fall this year, according to Stone. The industry will remain robust, however, as growth in overseas travel makes hotels attractive investments, CBRE said.
Demand has been booming for all types of commercial real estate in Canada as investors seek high-yield assets in a haven from global turmoil. Transactions reached a record $43 billion in 2017 and are set for potentially higher volumes this year, CBRE said last month.