Chinese real estate developers accepting watermelons as payment

Jul 03, 2022

Beijing [China], June 3 : The deep recession in China's property market has compelled real estate companies to float a bizarre marketing strategy to...

China's real estate mess put global economy on crutches

Jun 01, 2022

Beijing [China], June 1 : The deep recession in China's real estate companies is becoming a major problem for the country as well as...

Hunan official calls on cadres to buy houses amid real estate recession in China

Aug 19, 2022

Beijing [China], August 19 : Amid recession in real estate sector of China, one of the Hunan officials exhorted the party members and workers...

China introduces digital Yuan in real estate sector

Apr 01, 2022

Beijing [China], April 1 : China has introduced the use of digital Yuan in the real estate sector with payments worth around USD 87,000...

US Fed releases 2023 stress test scenarios for its banks

Feb 10, 2023

The US central bank said 23 banks will be tested this year against a severe global recession with heightened stress in both commercial and...

China's property sales static despite central bank enacting policies to stimulate market

Feb 17, 2023

According to China Real Estate Information Corporation (CRIC), there is a consensus that the real estate sector is on a downward spiral and is...