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.
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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.
Apr 14, 2016
The Canadian Press
A new report says the cost of renting a condo in Toronto climbed almost 7 per cent in the first quarter of this year.
Real estate consulting firm Urbanation says average condo rents in Toronto rose to $2.53 per square foot, or $1,891 a month, in the three months ended March 31.
That’s up by 6.8 per cent from a year ago.
Urbanation’s senior vice-president, Shaun Hildebrand, attributes the increase partially to the fact that many would-be buyers are getting priced out of the home ownership market, pushing demand for rental units higher.
Hildebrand says strong economic fundamentals such as employment and population growth also contributed to higher rents.
Meanwhile, the number of applications to build rental-only buildings jumped by 40 per cent in the first three months of the year.
“Even with record numbers of condos coming up for rent by investors, conditions have tightened, supporting increased rental development,” Hildebrand said in a statement.