Monday, November 24, 2014

China and EU Announce Agreement to combat climate change

China and the United States today announced an agreement to fight climate change that will include cuts in their emissions of greenhouse gases they expect an example to the international level.
The initiative, agreed by President Xi Jinping and Barack Obama, is the first announcement of cutting emissions by China and a more pronounced by the United States.

China agrees that its emission levels reach their highest level in 2030 to begin to decline, and Xi announced that this year 20 percent of the energy produced in the country come from clean, renewable sources.

For its part, the United States will reduce its emissions by 2025 between 26 and 28 percent compared to 2005 levels, which is double the planned cut between 2005 and 2020.
Xi and Obama made the announcement during an appearance before reporters after two days of meetings in Beijing, which have reviewed all levels of their relationship, with the agreement on climate change as the main tangible result.
The agreement on climate change, which has been negotiating for months between the two capitals, seeks to promote a global agreement at the climate change conference to be held in Paris in 2015.

Friday, October 3, 2014

The Royal Institution of Chartered Surveyors promotes real estate in a professional manner in china

The Royal Institution of Chartered Surveyors has signed a memorandum of understanding with a leading real estate association in China which is set to pave the way for higher standards in the country.

The document, signed with the Real Estate Association of Yunnan Province (YNREA) lays the foundation for long term cooperation and the development of professional training programs.

Rics will be training  a many interested companys,one of these companies is Real Estate Association of Yunnan Province is a company with great influence in the country.

The president of Real Estate Association of Yunnan Province (YNREA) Han Zhongqing said that there are opportunities for both organizations to collaborate in nurturing talents in the country through professional training, would generate many events as industry events and overseas study tours. 

Wednesday, August 20, 2014

Increase in real estate investment slows again.

The growth of China’s real estate investment continued to slow in July, latest data from the National Bureau of Statistics showed yesterday.
The bureau said property investment rose 13.7 percent year on year in the first seven months to 5.04 trillion yuan (US$819 billion), 0.4 percentage points down from the first half of this year and 1 percentage point down from the January-May period.
The investment in residential properties, which accounted for 68.2 percent of the total, rose 13.3 percent year on year, compared with a 13.7 percent growth for the first six months of 2014.
The slower growth accompanied a faster fall in area and volume of property sales.
In the first seven months, 564.8 million square meters were sold, down 7.6 percent year on year. The drop was 1.6 percentage points steeper than the decline seen in the first half of the year.
Property sales volume fell 8.2 percent on year during this period, compared with a drop of 6.7 percent in the January-June period.
The property development climate index compiled by the bureau fell slightly by 0.02 points from June to 94.82 points in July.
China’s property sector has been cooling since the start of the year, with the growth of key indicators such as property investment slowing for six straight months.
New home prices in 55 of an official sample of 70 major cities dropped month on month in June, compared with 35 in May. New house prices fell in first-tier cities Shanghai, Guangzhou and Tianjin, but not in Beijing.

China solicits public opinions on rules to order real estate registration.

China is soliciting public opinions on a proposed guideline for real estate registration as part of its effort to create a unified platform where state, province, city and county level governments will be able to share real-time information.
From now on till September 15, suggestion or advice can be sent to a designated website, or by mails and emails, the Legislative Affairs Office of the State Council said in a statement posted today on its website.
According to the proposed guideline for real estate registration, the ownership as well as other legal information regarding real estate, which includes land, maritime space, buildings and forests, should all be registered with certain registration organizations.
The initiative, when fully implemented, is expected to leave significant impact over the country's real estate market as it will allow the government to track down all properties in the market when imposing austerity measures, 21 Century Business Herald reported, citing an industry analyst. At the moment, only those undergoing transactions are usually covered, the newspaper said.

Property activity continues declining as prices drop in more cities.

China's property sector showed new signs of cooling in July, with more cities reporting month-on-month price drops.
Out of 70 major Chinese cities, 64 saw month-on-month price declines for new homes in July, compared with 55 in June, the National Bureau of Statistics said in a statement.
Only two cities, Xiamen in southeastern Fujian Province and Dali in southwestern Yunnan Province, saw month-on-month price gains in new home prices last month, compared with eight cities in June and 15 cities in May, the NBS data showed.
New home prices in Xiamen edged up slightly by 0.2 percent month on month while Dali prices rose by 0.1 percent.
Hangzhou, in east China's Zhejiang Province, saw new home prices drop the most among the 70 cities, down by 2.5 percent from June. Sanya, on south China's Hainan Island, dropped by 2.4 percent month on month.
For existing homes, 65 major Chinese cities saw price drops in July, up notably from 52 cities in June, according to the NBS. Prices of existing homes in Shenyang in northeast's Liaoning Province decreased the most by 1.5 percent from June.
Only one city, Xining in west China's Qinghai Province, recorded a month-on-month price gain for existing homes in July, up slightly by 0.1 percent from June, the NBS said. However, on a year-on-year basis, new home prices in 65 cities are still higher than a year ago, with only three cities seeing a price drop in July; Hangzhou and Wenzhou in east China's Zhejiang Province and Shaoguan in central China's Hunan Province.
The growth rates in the 65 cities moderated significantly in July, said Liu Jianwei, a senior statistician at the NBS.
Liu said many home buyers were taking a wait-and-see attitude due to uncertain market prospects, which led to month-on-month drops in home prices in more Chinese cities.
The latest data added to signs that China's property market is experiencing an obvious downturn after torrid growth in previous years.
Earlier NBS data, including investment and sales figures and the property development climate index, all suggested the sector was continuing to cool and struggle.
In the first seven months, property sales in China dropped 7.6 percent year on year to 564.8 million square meters. The drop was 1.6 percentage points steeper than the decline seen in the first half of the year, according to the NBS.
In the second quarter of 2014, new housing starts and sales contracted for the second successive quarter as property investment cooled to its slowest pace since the second quarter of 2009.
"Within four months, new home price drops spread from individual cities, with only four in March and eight in April, to the record high of 64 cities in July. The pace of cooling in this round of property adjustments is faster than market expectations," said Zhang Dawei, chief analyst at real estate agent Centaline Property.
Zhang said the latest data suggested that the cooling trend was still evident. Growth of property investment decelerated for six months straight starting in February.
In July, monthly property sales stood at 81.15 million square meters, representing a year-on-year decrease of 16.3 percent and a month-on-month dive of 34 percent.
Zhang said rising inventory suggested that a housing oversupply has begun to show in some cities, and the removal of purchase restrictions on multiple homes, mostly in second- and third-tier cities where inventories are high, is unlikely to have much effect.
Amid sluggish sales, various forms of policy easing were seen in 37 of 46 cities that had previously imposed market control measures ranging from purchase limits on second homes to higher minimum down-payments, media reports said.
In Zhang's view, the credit policy and discounted mortgage rates offered by commercial banks to first-home buyers were meaningful and their impact on the market must be watched closely.

Housing prices decline in 64 out of 70 major Chinese cities.

Only two Chinese cities out of 70 registered in a month-on-month basis, increase in home prices in July, a national survey said this, adding to more evidence that the China's housing market remained in a correction.
The number of cities recording monthly price decreases climbed to 64 in July from June's 55, according to a statement released by the National Bureau of Statistics which tracks housing prices in 70 major cities.
"Amid continuously uncertain prospects in the real estate market, home searchers across the country continued to take a wait-and-see attitude, a reason behind further eased momentum," said Liu Jianwei, a senior statistician at the bureau. "While 65 cities continued to record price gains on a year-on-year basis, all of them saw slower growth."
On average, national housing prices fell 0.9 percent month over month in July, the third monthly decline in a row.
Nationwide, Hangzhou continued to lead all decliners. Home prices in the capital of eastern Zhejiang Province dropped 2.5 percent from June. It was immediately trailed by Sanya in southern Hainan Province where prices fell 2.4 percent from a month earlier.
Xiamen in Fujian Province and Dali in Yunnan Province, meanwhile, were the only two cities registering a month-on-month price growth, by 0.2 percent and 0.1 percent, respectively.
In Shanghai, Beijing, Guangzhou and Shenzhen, new home prices in July fell 1.4 percent, 1.3 percent, 1.3 percent and 0.6 percent, respectively, from June.