China
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China’s property crisis creates ‘downward economic spiral’
Bank analysts have slashed growth forecasts for the world’s second-largest economy
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Country Garden abandons plans to raise $300m
Shares in the Chinese developer have almost halved in value over the year
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China proposes REIT regime to stimulate investment
Industry-wide debt crisis pushes property stocks down
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Overseas money tentatively returns to China’s real estate
Bonds in China’s heavily-indebted real estate developers have risen sharply in the past two months
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China reverses curbs on developers
Beijing’s “three red lines” have been erased in an attempt to counter downturn
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China’s state-owned banks offer $30bn credit to property sector
The credit lines are the first wave of support since regulators decided to intervene last week
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Land buying spree for China’s local government financing vehicles
The LGFVs are usually used to support infrastructure investment, but have spent $57bn on land in H1
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Country Garden warns of 70% plunge in profit
China’s biggest developer has been caught in the crisis engulfing the country’s property sector
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Jaded Chinese property investors turn to jade
Precious stone is soaring while property values are tumbling
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China readies $148bn of loans to save property sector
The People’s Bank of China hopes its £30bn will prompt lenders to commit five times as much
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China’s property sector in peril, despite planned bailout
S&P says property sales could fall by a third, as the state plans a $44bn fund
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China creates property developer bailout fund
The city of Zhengzhou has launched the fund as homebuyers boycott payments on unfinished properties