Chinese banks ready to cut mortgage rates

Source: Bloomberg
Chinese banks are likely to present lower mortgage rates to their clients in the second half of the year following a decrease in the demand in the real estate market. The home sales plummeted 9.2% in the first quarter of the year compared with 2013 forcing the developers to lower prices since March. The mortgage restrictions are believed to be the biggest factor limiting home sales.
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Wed, 23 Jul 2014 09:46:13 GMT

China's debt close to US levels

The time when China's debt exceeds US debt seems to be imminent. As of the last month, aggregate debt in China surged to 251% of the GDP. When comparing to US debt, the value from 2013 reveals a total of 260% ratio. The major concerns are related with China's fast rise in financial credit. During the previous year, economists stated

Wed, 23 Jul 2014 10:27:10 GMT

Asian shares advance during US Dollar decline

Asian stocks grew as Hang Seng China Enterprises led the way with a 2.1% jump today following a 2.4% increase yesterday. The Asia-Pacific gauge seems to be on track to reach the highest close since June, 2008 and was trading at 148.33. Meanwhile, the Greenback was lower against 14 out of the 16 major currencies as monthly inflation went down.

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