Property market

A building under construction in Shenzhen, China, on 19 November 2022. (Qilai Shen/Bloomberg)

Can China save its property market and economy amid fastest-spreading outbreak to date?

Zaobao correspondent Yang Danxu takes a look at China’s ailing property market and the various measures taken by property companies and the authorities to boost sales and ensure that homes are completed and handed over to buyers. While the intention is good, will they work under the current Covid-19 situation?
A worker walks on a scaffolding at a construction site of an apartment building under refurbishment in Beijing, China, 20 July 2022. (Thomas Peter/Reuters)

Export slowdown reveals cracks in one of China’s economic pillars

With China’s economy already facing drags from consumer spending and the real estate sector, the slowdown in goods exports poses a significant problem as they make up a sizeable share of the country's GDP. Will Beijing reconsider some of the policies such as its zero-Covid policy, tech sector crackdown, and restrictions on real estate?
A worker pushes a trolley along a road outside a construction site at the central business district in Beijing, China, on 8 July 2022. (Wang Zhao/AFP)

Has China’s monetary policy reached its limit?

China's central bank is scrambling to increase demand for borrowing by using nearly every instrument in its toolbox. But the impact has so far been limited, as Chinese companies and households are trapped in a crisis of confidence in the economy amid slowing growth and the impact of strict anti-Covid measures. What more can China do to save the economy?
Men work at a construction site of apartment buildings in Beijing, China, 15 July 2022. (Thomas Peter/Reuters)

Can SOEs' property buying spree save China's ailing property market?

Recent news of a large-scale housing project acquisition by a state-owned enterprise (SOE) has gained widespread attention. While some are welcoming the government’s efforts to revive the sluggish property market, others are wary of profiteering and corruption opportunities. Zaobao correspondent Chen Jing takes a look at the implications of the SOE’s move and whether China’s property market will finally look up.
Workers work at a demolition site, following the Covid-19 outbreak, in Shanghai, China, 9 September 2022. (Aly Song/Reuters)

[Future of China] China's economy now and in the future

Amid the difficulties in analysing and forecasting macroeconomic conditions, economist Chen Kang likens their changes to a unique game of tug of war between the bulls and the bears — in which economic reforms, policies and outcomes are interpreted differently among the players, and the current outcome encapsulates the people’s aggregate response. However, the big question is whether China will press on with economic reforms despite all the challenges. This is the third in a five-part series of articles on the future of China.
Housing flats in Sai Wan, Hong Kong, 5 September 2022. (CNS)

Hong Kong's property prices are falling. Will it continue?

Zaobao journalist Tai Hing Shing looks at the recent drop in Hong Kong’s property prices and asks: will the Hong Kong government take any measures to make sure the market remains stable, or allow the market to regulate itself?
This photo taken on 16 August 2022 shows a section of a parched riverbed along the Yangtze River in Chongqing, China. (AFP)

Electricity woes further dampen China’s hopes of economic recovery

While China has yet to emerge from the shadow of the Covid-19 pandemic and its ailing real estate sector, power shortages caused by severe weather conditions are adding to its woes. Zaobao correspondent Yang Danxu tells us more about the severity of the power crunch, and its far-reaching impact across regions and industries.
Air Force soldiers prepare to load US-made Harpoon AGM-84 anti-ship missiles in front of an F-16V fighter jet during a drill at Hualien Air Force Base in Taiwan on 17 August 2022. (Sam Yeh/AFP)

Three big changes in China-US competition after Pelosi’s Taiwan visit

In the wake of US House Speaker Nancy Pelosi’s controversial visit to Taiwan and the mainland’s retaliatory actions in the Taiwan Strait, researcher Wei Da believes that China-US rivalry has transformed in three ways: political confrontation is becoming more ideological and acute; military confrontation is becoming more symbolic; and further decoupling of major economic and trade initiatives may reach a critical point.
People wait at an intersection on a street during morning rush hour, in Beijing's central business district, China, 2 August 2022. (Tingshu Wang/Reuters)

China's economic recovery has become a political issue

Zaobao correspondent Yang Danxu notes that China is facing multiple headwinds that are making its economic recovery all the more elusive. From dealing with incessant Covid-19 outbreaks to the real estate crisis, economic recovery has become a dire political issue, especially with the impending 20th Party Congress to be held later this year.