EM ASIA CREDIT: China Vanke: Possible loan extensions

Jul-16 02:05

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(Caa2neg/B-neg/CCC) "*CHINA VANKE SEEKS TO EXTEND SOME BANK LOANS BY UP TO 10 YEARS" - BBG Bloombe...

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MNI: CHINA MAY INDUSTRIAL OUTPUT +5.8% Y/Y VS MEDIAN +6.0% Y/Y: NBS

Jun-16 02:00
  • CHINA MAY INDUSTRIAL OUTPUT +5.8% Y/Y VS MEDIAN +6.0% Y/Y: NBS
  • CHINA JAN-MAY INDUSTRIAL OUTPUT +6.3% Y/Y VS JAN-APR +6.4% Y/Y
  • CHINA MAY RETAIL SALES +6.4% Y/Y VS MEDIAN +4.9% Y/Y
  • CHINA JAN-MAY RETAIL SALES +5.0% Y/Y VS JAN-APR +4.7% Y/Y
  • CHINA YTD FIXED-ASSET INVESTMENT +3.7% Y/Y VS MEDIAN +4.0% Y/Y
  • CHINA YTD PROPERTY INVESTMENT -10.7% Y/Y VS MEDIAN -10.5% Y/Y
  • CHINA MAY UNEMPLOYMENT RATE +5.0% VS APR +5.1%

CHINA: House Prices Trending Lower Again (amended)

Jun-16 01:50
  • China released its new and used home price data for May today and prices have turned down again.
  • New home prices were down -0.22% MoM in May, from -0.12% in April representing the 24th consecutive downturn and the worst result since November last year.
  • Used home prices were down -0.50% MoM in May, from -0.41% in April and have not printed a positive print since April 2023.
  • New home prices rose in 13 cities in May, down from 22 in April
  • Used home prices rose in just 3 cities in May, compared to 5 in April.
  • No cities have year on year used price gains.
  • Shanghai new homes rose +0.7% MoM; +5.9% YoY
  • Beijing new home prices -0.4% MoM; -4.3% YoY
  • Shanghai existing home prices -0.7% MoM; -0.1% YoY
  • Beijing existing home prices -0.8% MoM; -0.7% YoY
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CHINA: House Prices Trending Lower Again

Jun-16 01:44
  • China released its new and used home price data for May today and prices have turned down again.  
  • New home prices were down -0.22% MoM  in May, from -0.12% in April representing the 24th consecutive downturn and the worst result since November last year.  
  • Used home prices were down -0.50% MoM  in May, from -0.41% in April and have not printed a positive print since April 2023.  
  • New home prices rose in 13 cities in May, down from 22 in April
  • Used home prices rose in just 3 cities in May, compared to 5 in April.  
  • No cities have year on year used price gains.  
  • Shanghai new homes rose +0.7% MoM; +5.9% YoY
  • Beijing new home prices -0.4% MoM; -4.3% YoY
  • Shanghai existing home prices -0.7% MoM; -0.1% YoY
  • Beijing existing home prices -0.8% MoM; -0.7% YoY
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