China has unveiled a series of initiatives to revitalise its struggling property market following the sharpest decline in house prices in a decade.
China’s real estate turmoil intensifies with a sharp decline in housing sales.
The severity of China’s property crisis escalated last month, marked by a significant drop in housing sales and a reduction in new construction projects.
Embattled property giant China Evergrande suspended trading of its shares
Trading of shares in China Evergrande Group, a significantly indebted Chinese property developer, was halted in Hong Kong on Thursday, as stated in a notice from the Hong Kong Stock