International rating agencies S&P Global and Fitch have downgraded their outlooks for China’s residential real estate market.
real estate, despite Beijing’s announced package of measures to support it.
S&P forecasts a 15% decline in housing sales in China this year, while earlier it expected a 5% decline. According to the agency’s forecast, published on Thursday, the volume of sales of residential real estate in the country will total less than 10 trillion yuan ($1.4 trillion) this year, about half the peak level recorded in 2021.
Fitch this week also worsened its forecast for home sales in the PRC: the agency now expects sales to fall by 15-20% this year, rather than the 5-10% previously estimated.
The lowered forecasts show that rating agencies are not confident in the success of a large-scale package of market support measures, the launch of which the Chinese authorities announced in May. In particular, it includes the abolition of the lower limit on mortgage rates, as well as lowering down payment requirements for real estate buyers using mortgages. In addition, Beijing urged authorities in cities with a surplus stock of ready-made houses to buy back properties at reasonable prices for later use as affordable housing.
Prices of new buildings in China’s major cities fell for the 11th straight month in May. According to a report by China’s State Statistics Office (SSO), the cost of new housing in the country’s 70 largest cities fell 3.9% year-on-year last month, the most since June 2015.
Real estate accounts for about 78% of Chinese residents’ wealth, Bloomberg notes.
More than a thousand families have received monetary assistance from the Ukrainian Red Cross for rehabilitation.
“1,196 families from Kiev and Mykolaiv have received monetary assistance from the Ukrainian Red Cross for the rehabilitation of children and adults totaling more than 35 million hryvnias,” the Ukrainian Red Cross said on Facebook on Thursday.
The Ukrainian Red Cross provided cash assistance to patients undergoing rehabilitation at the National Children’s Specialized Hospital of the Ministry of Health of Ukraine “Okhmatdet” in Kiev and several rehabilitation centers in Mykolaiv under the Cash for Rehabilitation program supported by the British Red Cross. Each patient under the program received 30 thousand hryvnias.
“This amount was determined based on the results of a preliminary survey among families whose children or relatives are undergoing or need physical rehabilitation in medical institutions of the country, in particular, in the Okhmatdet hospital in Kiev and institutions in Mykolaiv,” said Elena Skrypnikova, head of the Innovative Financing Department of the Ukrainian Red Cross.
According to her, the categories of injuries and illnesses for which monetary assistance is provided have also been defined: rehabilitation after wounds received as a result of hostilities or the action of explosive objects; rehabilitation services due to congenital diseases; rehabilitation due to chronic diseases, in particular, oncological, cardiovascular and others.
The majority of children and adults who received cash assistance already have disability status or are in the process of obtaining it. In addition, families surveyed indicated a need for auxiliary aids such as wheelchairs, walkers, hand or foot orthoses.
Active Group and Experts Club conducted a joint study on the attitudes of Ukrainians toward the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 25.6
Mostly positive – 46.9 %.
Mostly negative – 8.1 %.
Completely negative – 4.1%.
Difficult to answer – 15.3%.
Positive – Negative – 60.3
On December 26, 1991, diplomatic relations between Ukraine and the State of Israel were established. In 1993, the Embassy of the State of Israel was opened in Kyiv.
The joint survey by Active Group and Experts Club on the attitudes of Ukrainians towards East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The research was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the study are as follows:
Completely positive – 1.7
Mostly positive – 5.0
Mostly negative – 22.7
Completely negative – 53.6
Difficult to answer – 17.0%.
Positive – Negative – 69.6%.
On January 22, 1992, diplomatic relations between Ukraine and Iran were established. Since the end of January 1992, the Iranian Embassy has been operating in Kyiv.
The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
Video – https://interfax.com.ua/news/video/986648.html
Shipping company Ukrferry (Odesa) will resume ferry service Chornomorsk-Batumi on July 9, according to the schedule on the company’s website on Wednesday.
According to the schedule, the Kaunas ferry is scheduled to depart from the Chornomorsk port on July 9 at 20:00, and arrive in Batumi 60 hours later, on July 12 at 9:00.
It is assumed that flights will depart from the ports on a weekly basis.
It is noted that the Kaunas ferry is a 250-passenger cargo and passenger vessel built in 1989 in Germany, is under Lloyd’s classification supervision, the length of the vessel is over 190 m, the width is 28 m.
The company warns that the dates/time of departure and arrival of the vessel may be changed both before and during the voyage.
Since the beginning of Russia’s full-scale aggression in February 2022, there has been no maritime connection between Ukraine and Georgia.
Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:
The results of the survey are as follows:
Completely positive – 7.7
Mostly positive – 47.4
Mostly negative – 14.1 %.
Completely negative – 2.4
Difficult to answer – 28.5%.
Positive – Negative – 38.5
On November 20, 1991, Ukraine and Turkey established consular relations. On February 3, 1992, the Protocol on the Establishment of Diplomatic Relations between the two countries was signed. On April 3, 1992, the Embassy of Turkey was opened in Kyiv.
A joint study by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at
