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New home prices fell for a tenth consecutive month by 0.6% month-on-month in April, new Chinese figures show today

China pledges to buy apartments & finish housing projects

China has today announced plans for local governments to buy "some" apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector.

Business • 17 May 24

Shares in Country Garden jumped as much as 19% to their highest level since August 10 today

China's Country Garden agrees debt deal

Country Garden's deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($537m) boosted shares in the developer and gave China's crisis-ridden property sector some much-needed respite.

Business • 04 Sep 23

House prices fell 0.2% month-on-month on a nationwide basis and 0.1% year-on-year

China's economic woes grow as trust firm misses payment

Missed payments on investment products by a leading Chinese trust firm and a fall in home prices have added to worries that China's deepening property sector crisis is stifling what little momentum the economy has left.

Business • 16 Aug 23

Country Garden's woes could have a chilling effect on homebuyers and financial institutions

China property giant warns of up to $7.6bn loss

Fears that Chinese property giant Country Garden was preparing for a debt restructuring sent its securities to a record low on Friday and deepened concerns about the property sector outlook in the absence of stronger support from Beijing.

Business • 11 Aug 23

Country Garden

China pledges to buy apartments & finish housing projects

China's Country Garden agrees debt deal

China's economic woes grow as trust firm misses payment

China property giant warns of up to $7.6bn loss

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