China's flailing property market is finally showing signs of bottoming
Real estate in China may finally be nearing the end of a years long slide, with home prices and land sales demonstrating fresh strength, Reuters reported.
Average city prices rose 0.15% month-on- month in January, marking the fastest gain since mid-2021. Growth occurred in 49 of the 100 surveyed cities, slightly more than the 47 cities that saw growth in December.
Government land sale revenue that month also notched a 1.8% gain from a year prior, the first time sales rose in 23 months, the outlet said.
Though this isn't yet a rebound, it signals that Chinese policies may finally be slowing the embattled sector's decline. While prices stabilize in some cities, demand has yet to return in others.
But a late January court order for Evergrande, once China's largest developer, to liquidate may complicate any turnaround. According to Fitch Ratings, Hong Kong's liquidation order could become a lengthy ordeal, especially if mainland China does not recognize it.
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Cui Nyonya Kueh : tmr not sure up or down... just read news
cnn.com/2024/02...
Cui Nyonya Kueh : new gif !! can play !!
Cui Nyonya Kueh :
Cui Nyonya Kueh :
bullrider_21OP Cui Nyonya Kueh: I don't know about China falling to 3.8% GDP growth in 2028. China aims to have 5% growth and they will do all they can to achieve it. Western media tend to be very negative on China. So take it with a pinch of salt and don't believe everything you read.
bullrider_21OP Cui Nyonya Kueh: Nice!
Cui Nyonya Kueh bullrider_21OP: Thanks bro. As far as I know this etf can't really depend on chart. if one bad news we all die again lol. Friday afternoon was because of the medical thingy . tech all.got drag down.
bullrider_21OP Cui Nyonya Kueh: Bad news from property dragged tech stocks down.
Cui Nyonya Kueh bullrider_21OP: property first. last Friday afternoon is the medical bloomberg.com/n...
bullrider_21OP Cui Nyonya Kueh: Traders use bad news to make the price fall to technical levels.
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