China Can’t Beat the US

The prediction that China would surpass the US as the world's largest economy isn't going to happen. In this episode of China Uncensored, we look at why that prediction was never accurate in the first place, what people are predicting now, and how the decline of China's economy will affect the rest of the world.

China's troubled property sector: Is the big storm only just approaching?

Troubled Chinese property developer Country Garden avoided default this week as it made interest payments on bonds hours ahead of a deadline. Last week, the company reported a record nearly $7 billion loss in the year's first half. But even as the Central government rolled out a raft of measures to bolster the market, many consumers say it's still too expensive to buy homes.

China’s mortgage boycott: Could the property market crumble?

Chinese homebuyers are refusing to pay mortgages on properties they have bought because developers cannot finish them.

Real estate has been one of the biggest drivers of economic growth in China, accounting for one-third of the country’s $18 trillion gross domestic product (GDP).

What impact is the Evergrande crisis going to have on China's economy in 2022?

Chinese real estate developer Evergrande announced Monday that it was once again suspending trading its shares in Hong Kong. "At the request of the company, trading in the shares of the company was halted at 9.00 a.m. on January 3, 2022, pending the release by the company of an announcement containing inside information," the group said in a short statement on the Hong Kong stock exchange.

Chinese property market posts weak data amid crisis

 

The problems in China's property sector are only getting worse. The latest data shows that prices for new properties saw their biggest month-on-month drop since 2015 in October, slipping down 0.2%. What's more, fewer homes are being built than a year ago.

China between 'common prosperity' and economic crisis

 

Head of state and the Chinese Communist Party Xi Jinping could be confirmed for a third term of office this week. He's pledged 'prosperity for all'. But China is showing signs of economic fatigue. Evergrande, one of China's biggest real estate companies, is crumbling.

Housing crisis in China: Evergrande shares tank after re-entering trade

 

Shares in struggling Chinese developer Evergrande tanked more than 12 percent as it resumed trading in Hong Kong... share trading had been suspended for 17 days to allow the planned sale of its property services arm.

Why Evergrande Collapsed - Our Chinese Houses Crumbled