Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder but wants to...
SHENZHEN , China - Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder but wants to hear more from the government before making a purchase.
On Saturday, Minister of Finance Lan Foan said the government planned to "significantly increase" debt to revive economic activity though he did not elaborate on size or timing, disappointing many who tuned in. Those measures propelled Chinese stocks to two-year-highs before they retreated on uncertainty about the lack of detail.In Shenzhen, where prices are roughly 40% off their peak, some 1,841 provisional new home sales contracts were signed during the period, up 664% from last year, the city's housing authority said.
While recent policies have been "favourable," Chen was unsure the worst had passed, especially in Shenzhen, home to many export industries at a time of heightened trade tension. U.S. presidential candidate Donald Trump has called for 60% tariffs on all Chinese goods if he wins next month's election. Wang Zhiyu, deputy general manager of Shenzhen Metro's real estate unit, was of the opinion that "the most difficult times have not yet passed". He said it was clear that government policy toward the sector "has shifted" but "the purchasing power of the people also needs to be supported".
“One Piece,” the long running and iconic Japanese animation series, is to take a six-month hiatus, effective immediately. Toei Animation, the company behind the show, said that the series will take a break after Sunday’s Episode 1122 and return in April 2025 with fresh episodes from the “Egghead Arc.” No explanation for the abrupt break …
Stock Market Debt Issuance Economic Stimulus Housing Ladder Chen Gengtao Shenzhen Policy Announcements
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