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Shanghai's wealthy upgrade to new luxury homes despite property market downtrend

Shanghai's wealthy upgrade to new luxury homes despite property market downtrend

Sales of luxury homes in Shanghai are soaring as rich individuals, undeterred by China real estate market’s slump, purchase newly built units in prime locations.

Rich Chinese snaps up multi-million-dollar luxury homes in Shanghai

Rich Chinese snaps up multi-million-dollar luxury homes in Shanghai

Shanghai’s high-end real estate market is attracting wealthy Chinese as they seek to invest and capitalize on the supportive measures introduced to bolster the country’s dreary property sector.

Real estate, stocks lose appeal in China as people shift to savings, gold

Real estate, stocks lose appeal in China as people shift to savings, gold

People in China prefer gold and bank deposits over properties and stocks as they seek security amid the country’s economic slowdown and real estate crisis.

February 20, 2024 | 06:40 am PT

China's 2022 economic growth one of the worst on record, post-pandemic policy faces test

China's 2022 economic growth one of the worst on record, post-pandemic policy faces test

China's economic growth in 2022 slumped to one of its worst in nearly half a century as the fourth quarter was hit hard by stringent Covid curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.

January 16, 2023 | 08:01 pm PT

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