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03.12.25 - 15:06
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Shanghai launches clampdown on property market doom-mongering (SCMP)
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Shanghai has launched a crackdown on online content that talks down the property market, as the sector remains mired in a prolonged downturn and two leading data providers pull back on releasing updated sales figures for China's top developers.
The Shanghai branch of the Cyberspace Administration of China said it had instructed platforms including RedNote and Bilibili – often dubbed China's answer to Instagram and YouTube – to remove content deemed to be spreading misleading or alarmist......
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03.12.25 - 10:00
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Asian Shares Mixed Amid China Property Concerns (AFX)
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CANBERA (dpa-AFX) - Asian stocks ended mixed on Wednesday as a cryptocurrency rebound lost steam and focus shifted to key U.S. economic data and upcoming central bank decisions. The dollar extende......
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03.12.25 - 02:36
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UBS predicts 2.4 million China property foreclosures as loan defaults rise (SCMP)
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Mainland China's falling property prices and a weak economy could lead to rising loan defaults, adding to a surfeit of foreclosed homes and further extending the years-long slump, according to UBS.
The number of apartments seized by banks from small businesses could reach more than 2.4 million by 2027, said John Lam, head of China property research at the Swiss bank, on Tuesday. Most small businesses on the mainland pledge property as collateral for loans.
The sale of these foreclosed properties......
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