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New home sales drop, durable goods orders up
WASHINGTON (Reuters) - Sales of new U.S. homes unexpectedly tumbled in September, their first drop in six months, underscoring the hazards to an economic recovery even as businesses appeared to be stepping up investment.
Activities:2008 China Real Estate Crisis Source:(Reuters)
2009-10-28
China's new reality: Economic boom is slowing
SHANGHAI, China - Job cuts, factory closures, unpaid export shipments -- stalling worldwide demand for products made-in-China is driving home a new economic reality for businesses that until recently were struggling to keep up with soaring exports.
Nations:China Activities:2008 China Stimulus Plan 2008 China Real Estate Crisis Source:(AP)
2008-11-10
The Housing Crisis Spreads to China
Autumn is usually the busiest time for real estate salesman Wang Yaodong. Last September and October, for instance, he sold more than a dozen luxury townhouses in western Shanghai, but this year he has sold only one. "Everybody is waiting for prices to fall," Wang says.
Nations:China Hong Kong Activities:2008 China Real Estate Crisis Source:(BusinessWeek)
2008-10-28
China property rescue package gets muted reception
SHANGHAI, China - China's latest effort to stave off a crash landing for the economy and revive its weakening housing market failed to stir much enthusiasm Thursday among investors spooked by a raft of bad news at home and abroad.
Nations:China Activities:2008 China Real Estate Crisis Source:(AP)
2008-10-23
Blackstone eyes China property, sees lower prices
U.S. private equity giant Blackstone Group (BX.N) said on Wednesday that it still aims to complete a pair of property deals in Shanghai, although a company official said valuations in China need to come down and regulations should be friendlier to foreign investors.
Nations:China Activities:2008 China Real Estate Crisis Source:(Reuters)
2008-10-15
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