China’s Property Collapse Worsens – Real Estate Developers Slump, Economy Slows, Evergrande Falls #newschooltattoo #newstuff, İnternational news 2022

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China’s property collapse continued its free-fall this week, as liquidity concerns prompted a selloff of real estate bonds amid a worsening Chinese economy. Concerns over the ability of local governments to pay the interest on Local Government Financial Vehicles (LGFVs) mounted, with many calling for immediate stimulus from China’s government.

With the Evergrande default continuing to threaten China’s real estate market, the fallout is spreading to the healthy real estate developers. Shimao, once considered investment grade, suffered major losses, along with accusations of corporate governance issues, when it moved money between divisions. LGFV concerns also mounted, as a lack of real estate sales may hamper Chinese local governments’ ability to make their payments.

All of this is have a negative effect on China’s economy, with many analysts calling for fiscal and monetary stimulus.

Links:

China Property Stocks Plunge Amid Shimao ‘Red Flag’:

‘Fallen Angel’ Shimao Shows Fragility of China Property Sector:

Making Sense of China’s Economy:

China’s Economy Slows as Property Slump Deepens:

China’s Property Crisis Likely Dragged Economy Down in November:

https://www.bloomberg.com/news/articles/2021-12-13/china-s-property-crisis-likely-dragged-economy-down-in-november

China property market hit by more headwinds in November 2021:

https://realty.economictimes.indiatimes.com/news/residential/china-property-market-hit-by-more-headwinds-in-november-2021/88300433

China’s property market continued its slump in November as home prices, sales, investment, and construction all fell on weak demand amid Evergrande’s debt crisis:

https://www.businessinsider.com/china-property-market-hit-by-weak-demand-amid-evergrande-crisis-2021-12

China Seen Adding Fiscal Stimulus After Setting 2022 Targets:

https://www.bloomberg.com/news/articles/2021-12-12/china-seen-adding-fiscal-stimulus-soon-after-setting-priorities

China’s retail sales grow by 3.9% in November — slower than expected:

https://www.cnbc.com/2021/12/15/china-retail-sales-grow-by-3point9percent-in-november-slower-than-expected.html

Shimao is the latest Chinese property developer to worry investors—here’s what’s happening:

https://fortune.com/2021/12/13/shimao-group-property-developer-china-debt-evergrande-kaisa-debt-default/

China’s property slowdown sheds light on another worrying debt problem:

https://www.economist.com/finance-and-economics/chinas-property-slowdown-sheds-light-on-another-worrying-debt-problem/21806824

Evergrande’s Hui Forced to Trim Stake in Defaulted Developer:

https://www.bloomberg.com/news/articles/2021-12-10/evergrande-s-hui-forced-to-sell-part-of-stake-in-defaulted-firm

EXCLUSIVE China audits Evergrande, chairman’s assets, no fire sale for now -sources:

https://www.reuters.com/markets/rates-bonds/exclusive-china-audits-evergrande-chairmans-assets-no-fire-sale-now-sources-2021-12-15/

As China Evergrande Teeters, Beijing Steps In:

https://www.nytimes.com/2021/12/07/business/china-evergrande-kaisa-property.html

Shimao move sinks property shares:

https://www.taipeitimes.com/News/biz/archives/2021/12/15/2003769599

JPMorgan Says Shimao Deal Is ‘Red Flag’ Amid Liquidity Concern:

https://www.bnnbloomberg.ca/jpmorgan-says-shimao-deal-is-red-flag-amid-liquidity-concern-1.1695433

China Hidden Local Government Debt Is Half of GDP, Goldman Says:

https://www.bloomberg.com/news/articles/2021-09-29/china-hidden-local-government-debt-is-half-of-gdp-goldman-says

Abandoned Projects Shatter Confidence in China’s Home Market:

https://www.bloomberg.com/news/articles/2021-12-12/abandoned-projects-shatter-confidence-in-china-s-housing-market

Fed moves to end bond buying by March, eyes three rate hikes in 2022:

https://www.marketwatch.com/story/fed-moves-to-end-bond-buying-by-march-eyes-three-rate-hikes-in-2022-2021-12-15

Mark Mitchell – Mortgage Broker London Ontario
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3 thoughts on “China’s Property Collapse Worsens – Real Estate Developers Slump, Economy Slows, Evergrande Falls #İnternationalnews 2022, #newsong”
  1. CSI300 is actually becoming bullish. You should wait a month, so the price really adjusts to the downfall of China’s pricing. Still, keep an eye on CSI300, it might reverse while this becomes worse.

  2. Hi Mark, thanks for the content. What’s the correlation between the housing market in China and the one in Canada? Will there be a ripple effect on the real estate market in Canada?

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