-
China’s property distress sours steel sector in warning sign for economy
Laborers work at a steel plant of Shandong Iron & Steel Group in Jinan, Shandong province, China, July 7, 2017. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register Spillover-effect of property slump poses fresh risks to economy Steel demand, vital part of industrial engine, suffers blow Hit to construction ripples broadly, stings cement, appliances Credit constraints, property woes show no signs of easing soon BEIJING, Dec 19 (Reuters) – Debt problems at a major Chinese property developer have now spilled over into a vital artery of the nation’s industrial engine – the steel sector – and started to ripple through to other critical parts of the world’s second-largest…
-
Real Estate news: Commercial sector continues above pre-pandemic performance | Rogersville
Commercial authentic estate continued its recovery in September even with a slump in gross sales and leases from the former month’s report large. So considerably this 12 months, transactions are up 63.4 percent. The moving common transaction craze is at a two-12 months higher level. “The restoration in NE Tenn. – SW Va. proceeds bubbling up,” claimed Northeast Tennessee Association of Realtors (NETAR) Industrial Committee Chair Cassie Petzoldt. “We’ve witnessed elevated action from sound neighborhood and out-of-spot gamers throughout the earlier 3 to six months. The neighborhood overall economy is experiencing a fairly uneven recovery, but demand from customers for industrial actual estate proceeds setting up. The region’s high transmission…