EM ASIA CREDIT: China Vanke: Possible loan extensions
Jul-16 02:05
(Caa2neg/B-neg/CCC)
"*CHINA VANKE SEEKS TO EXTEND SOME BANK LOANS BY UP TO 10 YEARS" - BBG
Bloomberg is reporting efforts by Vanke to extend some of its loans for as much as 10 years, a positive development if confirmed.
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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
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
