Thai Economy Surprises with 3% Growth, Driven by Exports and Stimulus Efforts
In a remarkable turnaround, Thailand's economy has registered a growth rate of 3% for the third quarter of 2023, exceeding analysts' expectations. This positive development is primarily attributed to a significant boost in exports and government stimulus measures aimed at rejuvenating the market. Economists had forecasted modest growth figures, making the actual results especially notable.
Continue readingChina's Property Market Sees Slower Decline After Government Stimulus Steps In
In a positive turn for China’s real estate sector, home prices have begun to decline at a slower rate, following a series of government measures introduced to bolster the struggling market. The National Bureau of Statistics reported that new-home prices in 70 major cities fell by just 0.1% in October compared to the previous month, marking a significant improvement from a 0.4% drop seen in September.
Continue readingChina's Housing Market Shows Signs of Recovery as Government Stimulus Boosts Home Sales
In a positive turn of events for China's beleaguered property market, home sales have shown signs of recovery, suggesting that the government's recent stimulus measures are beginning to pay off. Following a prolonged slump characterized by a significant downturn in buyer confidence, the latest reports indicate a slight easing in the decline of property transactions.
Continue readingChina's Factory Output Rises: A Promising Turn Amidst Stimulus Efforts
China's manufacturing sector has experienced a significant turnaround as factory activity moved out of contraction for the first time in recent months. This positive shift comes as the government implements a series of stimulus measures aimed at rejuvenating the economy, which has been under stress due to a combination of global economic pressures and domestic challenges.
Continue readingChinese Homebuyers Scout Showrooms at Midnight After Stimulus
In an astonishing turn of events in the real estate market, Chinese homebuyers were found looking around showrooms even way past midnight. This would have been the newest stunning behavior from homebuyers after a new government stimulus package was rolled out in a desperate attempt to revive the battered property sector. The news does really seem to interest much and raise curiosity among the general public and experts alike.
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