property slump

New Business

Consumer brands in China face fraught future amid frugal spending forecast

International and Chinese consumer brands will be forced to maintain a low-price strategy in mainland China amid persistent deflationary pressures,…

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New Business

China property crisis: UBS predicts 2.4 million foreclosures by 2027 as loan defaults rise

Mainland China’s falling property prices and a weak economy could lead to rising loan defaults, adding to a surfeit of…

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New Business

Rising down jacket sales offer unexpected cushion against deflation in mainland China

China’s down jacket and coat makers are the unlikely beneficiaries of the winter season, as more young consumers splash out…

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New Business

Boost household income to drive China’s economy in next 5 years, ex-official urges

China should make greater efforts to boost household income over the next five years as the world’s second-largest economy looks…

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New Business

Shanghai’s Temple Square mall sells below valuation in auction amid debt crisis

China’s commercial property market set another marker after a bankrupt state-linked developer sold Temple Square, an abandoned shopping complex in…

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New Business

Starbucks seeks ‘strategic partnership’ to find a perk in China amid brewing price war

The world’s largest coffee chain is seeking help in China to perk up its flatlining sales, as it finds its…

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New Business

Hong Kong’s New World, Far East primed for sell-out at Pavilia Forest I amid strong demand

Hong Kong homebuyers flocked to this weekend’s sale of heavily discounted flats at Pavilia Forest I, a joint project between…

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