Beijing provides billions for local state-owned companies to buy up properties and convert them into social housing. But very few are really happy with the plan.
By Jörn Petring
Evergrande subsidiary Hengda Real Estate is accused of fraudulently issuing bonds and providing false information to the markets. That is why China's authorities have now imposed a heavy fine on the subsidiary and Evergrande founder Hui Ka Yan.
By Redaktion Table
Premier Li Qiang made it clear at the start of the People's Congress: Beijing will not launch a comprehensive economic stimulus package despite loud calls. China does not want to increase its debts any further. Subsidies will flow selectively, especially into new technologies.
By Jörn Petring
Our editorial team's assessments and predictions for the new year: 2024 could set an important course for China's relationship with the West. Internally, the country needs to restructure its economic policy and the treatment of its youth.
By
Rating agency Moody’s considers the debt in China too high and the growth too low. While the evaluation does not affect the state's financing capability, it does impact perceptions abroad.
By
The dream of owning a home has become a problematic issue for China's economy. However, the financial system is not expected to become unstable as it possesses sufficient reserves. The government can offer assistance by bringing real estate developers under state control.
By Experts Table.Briefings
On Monday, the Chinese real estate giant Evergrande has the last chance to submit a restructuring plan. If it fails to do so, a Hong Kong court is set to liquidate the company. However, Beijing is also likely to have a say in the matter.
By Jörn Petring
