From Breakingviews- China property giants face call of tech sirens, says cbeddor:
A labourer gestures to his colleague outside their dormitory at a residential construction site of Evergrande, near a wall painted with the company logo, in Guangzhou, Guangdong province June 22, 2012. REUTERS/Stringer/File Photo
Evergrande on Tuesday reported that profit attributable to shareholders rose more than 50 percent last year. China Vanke and Country Garden reported double-digit earnings growth as well, even though national data showed sales growth in floor space terms slowed to 1.3 percent last year. Sales cooled further in January and February, yet home prices still rose more than 10 percent in February on an annual basis, according to Reuters. Average debt among rated developers is forecast to fall to 7.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan firms see prolonged Sino-U.S. trade war, China slowdown to persist: Reuters pollThree in four Japanese companies expect U.S.-China trade frictions to last until...
Read more »
China birth rates fall in several regions in 2018: China DailyChina's birth rate in several regions, including the capital Beijing, fell ...
Read more »
Investor: The US and China will reach a deal, then markets will jump 15%Despite all the back and forth between Donald Trump and Xi Jinping's negotiating teams, the U.S. and China will ultimately come to a trade agreement, according to Jackson Wong, associate director at Huarong International Securities.
Read more »
Chinese smartphone firms jazz up products, seize turf in home market from AppleSmartphone retailers in China say it's a tough sell of late with consumers ...
Read more »
Explosion at Chinese chemical plant kills 47, injures 640An explosion at a pesticide plant in eastern China has killed 47 people and inju...
Read more »
Working for the weekend: China extends holiday to spur consumersChina is extending a public holiday to get people to travel and spend more as th...
Read more »
China urges subsidies to help disease-hit pig farms restockChina has urged rural governments to offer temporary subsidies to pig breeding f...
Read more »
Tesla's Musk tells employees vehicle deliveries 'primary priority' near end of first quarterTesla Inc's vehicle deliveries scheduled across Europe, China and North Ame...
Read more »