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China's real estate market has slumped in the last two years after Beijing cracked down on developers' high reliance on debt for growth. Future Publishing | Future Publishing | Getty Images BEIJING — China needs to do more in order to fix its real estate problems, the International Monetary Fund said Friday. The property market contributes to about a quarter of China's GDP and has been a drag on growth, especially since Beijing cracked down on developers' high reliance on debt in 2020. Chinese authorities started to ease restrictions on financing for the sector over the last several months. "Authorities' recent policy measures are welcome, but in our view additional action will be needed in order to end the real estate crisis ," Thomas Helbling, deputy director in the IMF's Asia Pacific Department, said in a briefing. "If you look at the measures, a lot of them address financing issues for the developers that are still in relatively good fin...

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX's U.S. bankruptcy protection proceedings, telling a Delaware federal bankruptcy judge that allowing the properties to be administered in U.S. courts would be both administratively ineffective and illegal under Bahamas law. It is the first true look behind the curtain at FTX's mammoth real estate spending. Tens of million s were spent just at the small island development that Bankman-Fried called home, with FTX's holding company buying at least 15 properties and one vacant lot for a combined total of over $143 million . Two of the largest apartments at ...

The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New Providence, Bahamas. Now, Bahamas regulators are trying to claw back the property from FTX's U.S. bankruptcy protection proceedings, telling a Delaware federal bankruptcy judge that allowing the properties to be administered in U.S. courts would be both administratively ineffective and illegal under Bahamas law. It is the first true look behind the curtain at FTX's mammoth real estate spending. Tens of million s were spent just at the small island development that Bankman-Fried called home, with FTX's holding company buying at least 15 properties and one vacant lot for a combined total of over $143 million . Two of the largest apartments at ...

China's housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data. Future Publishing | Future Publishing | Getty Images BEIJING — China's real estate sector isn't yet poised for a quick recovery, despite a rally this month in stocks of major property developers. That's because recent support by Beijing don't directly resolve the main problem of falling home sales and prices, analysts say. related investing news 'Incredibly cheap': Strategist says Chinese tech stocks, like Alibaba, are a clear buy right now Ganesh Rao 3 hours ago Last week, property developer stocks surged after news the central bank and banking regulator issued measures that encouraged banks to help the real estate industry. It comes alongside other support measures earlier this month. Loading chart... Shares of Country Garden , the biggest Chinese developer by sales, have more than...