China’s residential property sales to drop 10% in 2023, housing demand to shrink to 928 mln sqm in 2030 – research

China’s residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20%
China’s residential property sales by floor area are expected to decline by about 10% in 2023, with sales to drop about 20%
Goldman raised its year-end target for the MSCI China Index to 85 from 80, implying a 13% upside from the current level.
Tencent Holdings’ fourth-quarter revenue was expected to grow by 1% year over year, fueled mainly by the recovery of international game business
China Mobile should continue to lead the 5G/ mobile segment, while it’s expected to catch up to China Telecom in terms of cloud
South Korean electric vehicle battery makers’s global market share dropped in the first 11 months of 2022 from a year earlier amid robust growth of Chinese rivals, shows a research.
China’s annual coal consumption is expected to reach a peak of 4.08 billion tonnes in 2024, accounting for 50% of the country’s total primary energy mix, according to a report released by a research institute of China’s energy giant Sinopec Group.
Shares of Yum China gained 3.4% to close at HK$449 in Hong Kong. BlackRock, Inc spent HK$1.304 billion bought 2.99 million shares
The World Bank has cut its China growth outlook for this year and next, citing the impact of the abrupt relaxation of COVID-19 restrictions and persistent stress in the real estate sector.
Online travel agency Trip.com posted stable earnings for the third quarter and in the fourth quarter, it’s expected to record a 29% drop in net revenue said the BofA Securities in a note.
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Global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new high of $108.5 billion in 2022, rising 5.9% from the previous record of $102.5 billion in 2021, SEMI said in a report.
Chinese authorities may further soften their stance on real estate policies at its key economic meeting later this month, economist say.
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