2009-09-23

Chinese credit, real estate in trouble


Credit card debt on which payments are delayed by six months or longer totalled 5.8 billion yuan at the end of June, up 131.3 percent year-on-year and up 16.2 percent from the end of March, the People's Bank of China said in a Sept. 16 statement. Credit card payments are closely watched during weak economies for signs of distress among consumers. At the end of June, about one Chinese out of eight owned a credit card, the statement said.
Elsewhere:
In Shanghai, sales in the second week of September fell 10 percent week-on-week, while supply rose 84 percent, according to property consultants Centaline China.
In Guangzhou, sales dropped 30 percent in the second week of September, while supply grew by 73 percent, Centaline said.
“金九”落空 一线城市住房成交量继续下滑
另据中原住宅监测系统数据显示,9月第二周,全国一线城市成交量环比继续下滑,广州、上海两地分别下降了三成和一成。同时,上海、深圳、广州三个城市商品住房存量环比均微幅上涨。其中上海、广州新增商品住房供应面积分别比上周增加了73%和84%。

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