Business
China’s Housing Slump Is Much Worse Than Official Data Show
There seems to be a discrepancy when it comes to data regarding China’s housing market. Official statistics show new-home prices have slipped just 2.4% from a high in August 2021, while those for existing homes have dropped 6%. But the picture emerging from property agents and private data providers is far more dire. Charlie Zhu reports on Bloomberg Television.
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Gautam Adani has won the dismissal of US fraud charges that threatened his global ambitions. After months of legal maneuvering, a major hurdle is gone, potentially clearing the way for the Indian billionaire to expand in the US.
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Pierre Ferragu, New Street Research global team head of technology infrastructure, says supply chain issues and opposition to data centers in the US do make him nervous about Nvidia’s future. The chipmaker says revenue will grow by about 70% in the next fiscal year. He speaks on “Bloomberg Open Interest.”
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Meghan Robson, head of US credit strategy at BNP Paribas, and Milwood Hobbs, deputy CIO of Oaktree’s Strategic Credit platform, join Scarlet Fu on “Bloomberg Real Yield.”
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Europe’s biggest rivers, including the Rhine and Danube, are drying up after a series of heat waves, disrupting the transport of goods and boosting freight costs. #europe #weather #news #climatechange
Soaring temperatures are curbing power generation at riverside reactors, pushing up energy prices and straining Eastern European economies.
The river disruptions are becoming a test of how quickly the region can adapt infrastructure to a climate where extreme low water is likely to be increasingly common.
Read more: https://www.bloomberg.com/news/articles/2026-08-02/europe-s-key-rivers-are-drying-up-as-extreme-heat-impact-widens?sref=BPgrU5ep
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On the Big Take Asia podcast, K. Oanh Ha and Bloomberg’s Cat Barton unpack North Korea’s surprising rise from pandemic-era hardship to a multibillion-dollar windfall, and discuss how the country’s newfound wealth is reshaping geopolitical alliances in Asia.
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@carlosmarques3536
December 22, 2023 at 1:19 am
Yeahhh, all the same crap.
@jackjanpour8532
December 22, 2023 at 1:19 am
Better than being homeless or pay $2500 for one bedroom!
@jackjanpour8532
December 22, 2023 at 1:19 am
China build more home than their population. We homeless on streets.
@rspcoach619
December 22, 2023 at 1:19 am
Communist politburo ran china just provide fraudulent data.
@JoelBonnette-wx8zo
December 22, 2023 at 1:19 am
Hello I'm the father God it's the truth cons on out with these people in east tx and the enemy is here and these people are acting
@metamind411
December 22, 2023 at 1:19 am
So nobody is going to talk about the insane housing price to income ratio in China?
It’s 32.5 if anyone was wondering, if anyone was wondering what is driving the Chinese real estate look no further, how is a person supposed to pay more than they earn on a 30 year mortgage? It’s way too high, I don’t know how much it will drop but definitely below 20.
@Seawithinyou
December 22, 2023 at 1:19 am
Not enough workers as they have a lot more elderly
@user-nc9jd8hc7g
December 22, 2023 at 1:19 am
The prices in northeast China have dropped 30% for preowned homes
The price of new homes is a guess as no one is buying anymore
@windsong3wong828
December 22, 2023 at 1:19 am
Western propaganda had been predicting an economic collapse in China since 1999.
Every year it is the same.
Would we see homeless people in China by the millions?
Oops , that is USA.
@lylecosmopolite
December 22, 2023 at 1:19 am
Lies, damn lies, statistics, Chinese official data.
@mcawesomest1
December 22, 2023 at 1:19 am
You mean to say China might be dishonest and lie about their economy, people, and politics?? No!!! You don’t say!
@amanpalestina9664
December 22, 2023 at 1:19 am
May I ask : Can an individual own more than one house in China ?
@douglasforeman8627
December 22, 2023 at 1:19 am
lets celebrate battle of evermore.
toshiba.
@josiptumapa
December 22, 2023 at 1:19 am
Experts call it an "Economic Collapse", i see it a good deserving slow karma.
@swagatopablo
December 22, 2023 at 1:19 am
I don't know, if a housing 'slump' makes houses cheap and easily available, I see not much reason to complain.
@lorenzovizza5357
December 22, 2023 at 1:19 am
Ruh roh
@TesfayohanesAbrha-mc1wg
December 22, 2023 at 1:19 am
2:43
@otterinbham9641
December 22, 2023 at 1:19 am
In 2019, I had an argument with my know-it-all father-in-law about how China was a house of cards. He claimed I was making it all up. But the signposts for the events today were there years ago for all to see.
@wanderingquestions7501
December 22, 2023 at 1:19 am
Remember, Bloomberg is here to maintain the Deep State’s propaganda.
@RogerYeahmon
December 22, 2023 at 1:19 am
China bashing yank propaganda 🥱
@dvosburg1966
December 22, 2023 at 1:19 am
What? China lies?
@kitpong1777
December 22, 2023 at 1:19 am
"Official data has Severely understated the magnitude of the decline" …wow… if Charlie Zhu is a China national, he may find himself in quite some official trouble soon.. hope it turns out well for him.
@edsecce5685
December 22, 2023 at 1:19 am
That is going to bring down the whole world economy crashing now
@michaelvainer3350
December 22, 2023 at 1:19 am
This crisis deep and long !
@drakewauters2109
December 22, 2023 at 1:19 am
10X overvalued, 10X
@freeneasy5906
December 22, 2023 at 1:19 am
David Goldman more clear what PRC government is doing,,,
@fasteddy-fd3kr
December 22, 2023 at 1:19 am
China has more houses less demand..west has less houses more demand