China Scraps Mortgage Rate Floor for Individual Homebuyers
Vložit
- čas přidán 15. 05. 2024
- China has removed its nationwide mortgage rate floor for individual homebuyers' first and second home purchases, according to a statement from the People's Bank of China. Zhu Ning from the Shanghai Advanced Institute of Finance and a former adviser to China’s central bank, discusses this on Bloomberg Television.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv
Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news
More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals
Watch more on CZcams:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts
It was a huge mistake for China to prop up property prices.
I heard since 30 years that China is collapsing…….. and they still doing good….😅
China is winning even when they’re failing. Americans would love to have to many houses.
Something nobody talks about: home ownership.
China 90%
US 65%
Most people own where they live. And that's a county of more than 1 billion people.
@ricnyc2759 and what's the overall value of that "90" from how much they invested to now and how many of those "homes" are empty or unfinished?
Yep. It's a cultural phenomenon. In China, a man is only considered a viable marriage partner when he owns a property.
It's because they can't send their kids to school in an area without buying a house in most urban areas.
Yes!
Dealing with over Capacity takes time ! Being Bold and Coming in at what might be a Great Price with State Assurance Could get the Ball Rolling !.
Those big buildings are where they are going to send all of the disidants from Canada when they get out of line.
If this was their 2008 GFC moment that your guest says it is, why are the markets at year highs and pumping higher? And DO NOT say its because their economy is more "stable" 😂😂
China is not a free market economy and will not have a financial crisis, even if the problem is worse than the US in 2008
China's 🇨🇳 bid to fix its property market malaise
is like throwing a cup of water on the forest fire. LOL
😂😂lol, dont race with chinese and jews if u talk about money😊😊😊
They will fix it...
like if you saw Chinese bot in comment section :D
Chinese property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?
Says the country that prints dollars and adds it to GDP numbers😂😂
look america economy 😂😂😂😂 u can see big bubble.. waiting to explosed
@@xfactor6099 your brain is not working. That comment was from a CZcams viewer...not any country.
Your calculations are weird...
Now calculate the investment of China in global markets...
Also, factor in the huge amount of investment US and other countries have made in China...
China has the technology which few have...
I am absolutely sure, China has collaborated with Europe for the next round of Growth...
You will see the Dragon dancing again in few years...
🐉
@@amiigoseAnd China is ready to buy US...
Even India would have done this but Prime Minister is busy countering opposition 🤦
Prime Minister should try to be like Xi Jinping.
Modi ji should acquire land too...
Just see what Russia is doing...
At some point in time, God will have to acquire the land to feed huge population in India...
Jika ingin melihat China coleps , Amerika harus mengangkat Gordon Chang , Peter Zehan , Arabic Reza , Last Chang menjadi pejabat setingkat mentri 👍👍👍
😂😂😂😂
What a Joke!
All these efforts yet China has been on a decline since the Great Leap Forward. Rofl