China Property Slump Deepens as Data Disappoints: In Charts
Has China’s property market hit bottom? Not quite yet, according to May data, and to the National Bureau of Statistics, which said easing measures will need more time to take effect.
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Has China’s property market hit bottom? Not quite yet, according to May data, and to the National Bureau of Statistics, which said easing measures will need more time to take effect.
Greystar Real Estate Partners LLC has formed a joint venture with a pension fund for Dutch government workers and teachers to build rental homes in the Netherlands.
Local governments in China have asked several companies to pay tax bills dating back as far as the 1990s, underscoring their need for funding given the uneven economic recovery and persistent housing slump.
China’s central bank left a key interest rate steady for the tenth straight month, displaying caution on monetary easing given abundant liquidity and the pressure to prevent the yuan from weakening further.
China’s aluminum production hit a record last month as smelters brought back idled capacity, potentially setting up the market for further declines after prices hit a two-year high in May.
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