China's economic challenges gather steam as new loans plunge, property fears loom
Publishing timestamp: 2023-08-14 02:34:20
Summary
The article discusses the challenges facing China's economy, including a slump in credit demand, real estate problems, and weak consumer sentiment. It also mentions the suspension of trading in Country Garden's bonds and the potential impact on the offshore bond market. The article concludes by highlighting the need for the real estate sector to contract and the cautious stance of investors towards China.
Sentiment: NEGATIVE
Tickers: 2007-HK,
Keywords: economic events, real estate, china, country garden holdings co ltd, markets, business news, stock markets, japan, market insider,