Residential home sales fell by 31% last quarter, while property developers' cash reserves shrank by 26%.Local government measures, such as lowering mortgage rates, have failed to halt a decline in residential home sales.
Tower cranes are seen at a real estate construction site in yantai, shandong province, china, may 19, 2024.China's home sales slump dragged on in february, even as regulators stepped up efforts to salvage the beleaguered property market.Pending sales, tracked by the national association of realtors since 2001.
Contracted sales at the closely watched developer rose 7.9%.The value of new home sales from the 100 biggest real estate companies slid about 46% from a year earlier to 358 billion yuan ($49.6 billion.
Still, the number of unsold.Real estate firms faced $125 billion in bond defaults between 2020 and 2023.Europe has a basic tariff for cars of 10 percent and the united states has a 2.5 percent tariff.
Fiscal policy this year will be moderately strengthened and improved in terms of quality and efficiency.
Last update images today China Housing Sales
Luka, Giannis To Square Off In Olympic Qualifying
Lionel Messi was named in the starting lineup as Argentina won its Copa América quarterfinal against Ecuador in a penalty shootout at NRG Stadium in Houston on Thursday.
Lisandro Martinez scored in the first half for Argentina, but Ecuador netted late in the second to send the game to a shootout after a 1-1 tie, where once again Emiliano Martinez stole the show.
The Aston Villa keeper saved two of Ecuador's spot kicks after Messi missed the first for Argentina, but his teammates converted their next four attempts to seal the win and a spot in the Copa semifinals.
Messi, who missed his team's third game of the group against Peru, sustained the injury in their Group A win over Chile -- Argentina's second match of the tournament. His status was described as "day to day" before returning to training earlier this week, with head coach Lionel Scaloni saying on Wednesday that whether or not Messi played depended on how he trained the night before the match.
"We will train in a couple hours, and then we will decide," Scaloni said in a news conference before practice. "One more day is always better, yesterday we had good sensations and today we will decide. Based on today's answer [In training], we will decide if Messi plays."
Lautaro Martínez and Julián Álvarez previously played together when the team faced Ecuador in a pre-Copa America friendly on June 9, leading the way in a 1-0 win as Messi watched from the bench.
Argentina finished top of Group A, winning all three of their games without conceding a goal.
The winner of Thursday's match will advance to the semifinal at Metlife Stadium in East Rutherford, New Jersey, on July 9.
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