Cao Li

Wall St. Journal Reporter Says She Was Fired Over Hong Kong Union Role nytimes.com/2024/07/17/wor…

China’s Middle Class Is Losing Its Confidence—After decades in which the country’s economic miracle created an optimistic middle class, a slowdown has now left it shaken @caocli wsj.com/world/china/wh… wsj.com/world/china/wh…

With China’s real-estate crisis set to get worse, developers and local governments have resorted to bizarre marketing strategies to attract home buyers wsj.com/world/china/de… via @WSJ w/@caocli

Liu Yuan, head of property research at Centaline, said that without government help, new-home prices will need to drop by another 50% from current levels before they reach a bottom, with the tipping point only coming when it is cheaper to buy than to rent. wsj.com/world/china/de…

China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. Economists think it’s about to get worse. @RebeccaYFeng @caocli wsj.com/world/china/de… wsj.com/world/china/de…

@caocli The danger of contagion risk has now passed, says Zhaopeng Xing, a strategist at ANZ. But Xiaoxi Zhang of Gavekal Dragonomics said there could still be a knock-on impact. “Domestic investor sentiment may turn even worse, especially for wealthy investors.” wsj.com/finance/chines…

Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy @caocli wsj.com/finance/chines… wsj.com/finance/chines…

China’s economy showed modest signs of improvement in October as consumer spending picked up, but the country’s prolonged property slump worsened. @caocli @ByXiaoXiao @raffaelehuang wsj.com/world/asia/chi… wsj.com/world/asia/chi…

After being stuck in a housing downturn for two years, cities across China are giving developers the go-ahead to cut prices in a bid to revive sales. They are quickly running into resistance from homeowners who don’t want to see home values fall. @caocli wsj.com/world/china/ch…

Chinese shoppers are increasingly looking for bargains, lifting shares of companies that cater to budget-conscious shoppers even as the nation’s broader market stumbles. @caocli wsj.com/business/retai…

@RebeccaYFeng @caocli Country Garden's financial distress could create far bigger problems for the economy and policy makers than Evergrande’s debt default in 2021. Country Garden focused much of its enormous footprint on rural cities—an engine of China’s growth in good times. wsj.com/world/china/ch…

An Even Bigger Housing Crisis Threatens China’s Economy—Two years after Evergrande’s fall, distressed property giant Country Garden could create bigger problems @RebeccaYFeng @caocli wsj.com/world/china/ch…

“It’s not that they don’t want to buy houses. They have the purchasing demand, but they are just waiting,” Yan Songsheng, a sales manager at a state-owned developer, said of clients in Zhuhai, where sales are a quarter of average levels, despite discounts. wsj.com/articles/china…

@caocli @RebeccaYFeng “Certainly no one wants to see Country Garden fail,” said Yao Yu, the founder of YY Rating, a Chinese credit research firm. That would set off another panic about other developers that are still standing, which could drag the sector down further, he added. wsj.com/articles/china…

Country Garden, China’s largest surviving developer, is again struggling to convince investors that it can weather the storm wsj.com/articles/china… via @WSJ w/ @caocli

Chinese consumers are being frugal when buying everyday items from toothbrushes to shampoo, a worrisome trend for a country that is trying to shake off the effects of the coronavirus pandemic. @caocli wsj.com/articles/chine…

Since June, economists have been hoping for a big stimulus package that could boost demand for property. Instead, regulators have continued to focus on making it easier for property companies to get loans, or roll over old ones. @caocli @RebeccaYFeng wsj.com/livecoverage/s…

How Beijing resolves Guizhou’s debt issues will have ramifications for investors and banks across China that own a lot of local government debt wsj.com/articles/one-o… via @WSJ w/@caocli

Skype users re­port­ con­nec­tion is­sues when di­al­ing Chi­nese phone num­bers. “I have been using Skype to call my parents in China for a long time, and it is working fine,” one user wrote on May 7. “I cannot do it anymore starting yesterday.” wsj.com/articles/micro…

Banks across China are slashing deposit rates, after a year that saw their profits being squeezed by lower lending rates and record-high savings levels. @caocli wsj.com/articles/cutti…