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Tag: Property

China’s property troubles are getting worse and need Beijing’s support

Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China.Qilai Shen | Bloomberg | Getty ImagesBEIJING — China's property market, which makes up a substantial chunk of the country's economy, needs more government support to prevent it from deteriorating further,...

China’s unfinished property projects are 20 times the size of Country Garden

HANGZHOU, CHINA - NOVEMBER 15, 2023 - An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. On the same day, data released by the National Bureau of Statistics showed that from January to October...