As foreign investors and home buyers lose confidence in China’s property market, developers are offering cars and pigs to boost sales. WSJ examines ads and policies to see how the country’s real-estate turmoil could ripple out into the global economy. Photo composite: Sharon ShiA nascent two-month recovery in China’s home sales ended in July, as a widespread mortgage revolt over concerns that ailing property developers wouldn’t be able to deliver still-unfinished apartments weighed on demand.
Sales at the country’s top 100 property developers fell 39.7% in July from the same period last year to the equivalent of $77.6 billion, or 523.14 billion yuan, according to data released Sunday by CRIC, a Chinese real-estate data provider.
Source: Loan Digest (loandigest.net)
Mortgage Revolt due to real estate crisis in China has hit the banks hard. Manufacturing sector is reeling. Is China a giant Ponzi scheme waiting to unravel?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AP Week in Pictures: Global | July 23-July 29, 2022July 23-29, 2022 From Pope Francis' visit to Canada to apologize to Indigenous peoples for the abuses committed by Catholic missionaries in the country’s notorious residential schools, to former President Donald Trump taking part in the Bedminster Invitational LIV Golf tournament in Bedminster, N.J., to a Ukrainian servicewoman writing her wishes to children in the U.S.
Source: AP - 🏆 728. / 51 Read more »
Home sale prices from Alameda County, July 24, 2022Residential transactions in Alameda County
Source: OakTribNews - 🏆 597. / 51 Read more »
Salt Lake County’s median home price tops $625,000 even as sales plunge to decade lowHome sales across the Wasatch Front — already on a downward slide due to escalating prices and a lack of inventory — have plunged to deeper lows due to rising interest rates, data shows.
Source: sltrib - 🏆 316. / 61 Read more »
Top 5 K-Dramas On Viki In JulyJuly has been another month of diverse K-dramas that had our eyes glued to the screen! If you’re looking for a recent drama to binge-watch, check out this list of the most loved K-dramas on Viki this past month: In no particular order. “Jinxed at First” Based on a webtoon, “Jinxed at First” is a
Source: soompi - 🏆 574. / 51 Read more »
'Wordle' today, July 30: Answer, hints, help for Wordle #406 | Digital TrendsTrying to solve today's Wordle? If you're stuck, we've got a few hints that will help you keep your Wordle streak alive.
Source: DigitalTrends - 🏆 95. / 65 Read more »
Today’s daily horoscope for July 30, 2022Zodiac signs and horoscopes on 7/30/22 for Aquarius, Pisces, Aries, Taurus, Gemini, Cancer, Leo, Virgo, Libra, Scorpio, Sagittarius, Capricorn.
Source: njdotcom - 🏆 282. / 63 Read more »