property

July 15, 2024 9:22 AM

China’s economy falters as property, consumer pain worsens amid rising uncertainties

China's economy is facing increasing external uncertainties and many domestic difficulties and challenges in the second half, a spokesperson for the National Bureau of Statistics said on Monday. China's GDP growth of 5% in the first half was "hard won" as businesses face relatively large pressures and key sectors face many risks, the spokesperson said in a statement published on the bureau's website. The spokesperson also said China's economic growth in the second quarter was affected by short-...

Global stocks drift, China unveils ‘historic’ steps for property

Global stocks eased on Friday after Federal Reserve officials hinted U.S. interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector. Data on Wednesday showed cooling US consumer price inflation, prompting markets to price in at least two rate cuts this year. But the excitement soon fizzled out as the latest report showed the that U.S. labour market remains tight, while central bank...