China’s retail sales and industrial production beat expectations in August – CNBC | Wordy Zone

August was marked by extremely hot temperatures in parts of China, leading to temporary power rationing in some regions. Seen here on August 24, 2022, Chongqing’s downtown skyline with some lights turned off to conserve energy during the heatwave. vcg | Visual China Group | Getty Images BEIJING — China on Friday reported data showing … 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

Chinese real estate developers’ cash flows plummet by more than 20% – CNBC | Wordy Zone

Analysts generally expect state-owned companies to do better than non-state developers in the recent housing crisis. Pictured here in Guangxi, China, August 15, 2022 is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING – Chinese property developers’ cash flows – a sign of the … Read more

China’s consumer and factory data misses expectations in July – CNBC | Wordy Zone

Employees working on an air conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING — China reported data for July that were well below expectations as the housing slump and Covid controls dragged growth. Retail sales rose 2.7% in July from a year earlier, the National … 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