‘I accept being ordinary’: China’s youth turn their backs on frantic culture – CNBC | Wordy Zone

Crystal Guo says she usually works about six months to a year before retiring. It’s what the 30-year-old describes as her new lifestyle of “working nonstop and lying down all the time.” Young people in China are increasingly disillusioned and frustrated with work and life, and some are now turning their backs on a suffocatingly … Read more

Here are the top concerns of ultra-rich investors in Asia Pacific – CNBC | Wordy Zone

Singapore has become a hub for private equity in Asia. Roslan Rahman | AFP | Getty Images Ultra-rich investors in Asia-Pacific are turning away from a “wait and see” approach they took at the start of the pandemic amid concerns about market volatility, a new survey by Swiss private bank Lombard Odier has found. The … Read more

Chinese stocks could plummet 20% if housing woes get worse, says Morgan Stanley – CNBC | Wordy Zone

This summer, homebuyers’ mounting concerns about home completions brought problems in China’s massive real estate sector — and concerns about spillover to the rest of the economy — back to the fore. Future Publishing | Future Publishing | Getty Images BEIJING — China’s struggling real estate sector could take a major toll on the economy … Read more

China will convene a historic meeting on October 16. Here’s what to expect – CNBC | Wordy Zone

Chinese President Xi Jinping is widely expected to further consolidate his power at a biannual congress this fall. He is pictured here at an inauguration ceremony for Hong Kong Chief Executive John Lee on July 1, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s leaders are due to convene in Beijing Oct. 16 … Read more

Asia Pacific markets mixed as BHP, Chinese property stocks rose against weak Japanese trade – CNBC | Wordy Zone

Fitch ratings downgrade Country Garden Fitch Ratings has downgraded the long-term foreign and local currency issuer default ratings (IDRs), senior unsecured ratings and the rating of the outstanding bonds of Chinese homebuilder Country Garden Holdings from BBB- to BB+. “The downgrade reflects a weakening of Country Garden’s financial flexibility due to challenges in the Chinese … Read more

This is where China’s real estate woes could spill over – CNBC | Wordy Zone

According to Moody’s, China’s real estate industry accounts for more than a quarter of the national GDP. Pictured here is a residential complex under construction on December 15, 2021 in Guizhou province. Cost Photo | Future Publishing | Getty Images BEIJING — China’s real estate woes could spread to other key sectors if problems persist … Read more

China’s home sales are expected to plummet 30% – worse than 2008, says S&P – CNBC | Wordy Zone

Most homes in China are sold before developers finish building them. Pictured here on June 18, 2022 are people choosing apartments in a residential area in Huai’an in the Jiangsu province near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING – China’s property sales are expected to fall more this year than during … Read more

China’s real estate sector could turn around, but blistering growth could be a thing of the past – CNBC | Wordy Zone

Investor confidence in China’s real estate market appears to be boosted by the government’s promise to support the sector and some policy easing. But analysts say China’s high-growth real estate market could be a thing of the past. Getty Images | News from Getty Images | Getty Images The tide could turn on China’s troubled … Read more