Chinese economy set to turn around, no hard landing: Finance minister

SHANGHAI: China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview.

China Stocks Fall Amid Economy, Property Concerns

China’s stocks fell the most in three weeks after JPMorgan Chase & Co. cut its growth outlook for the nation’s economy and concern grew the government is introducing more property restrictions to limit gains in housing prices.

Chinese government tightens real estate rules, sparks panic selling

BEIJING: Frantic home sellers and buyers swarmed housing registration centres in the Chinese capital to beat further tightening restrictions of house sales including 20 per cent tax on capital gains.

Hong Kong weakens local currency again

Hong Kong's central bank has intervened in financial markets again, weakening the value of its currency after it jumped in value.

World Stocks Rise on Hopes of US, China Stimulus

Stock markets rose Thursday on hopes that more help for the global economy is on the way, after minutes from the U.S. Federal Reserve showed policy makers favor further stimulus and poor manufacturing data out of China fueled speculation that Beijing will take more action to boost its economy.

South Korea to Ease Mortgage Lending Rule to Spur Consumption

South Korea will ease a rule on mortgage lending to stimulate the real-estate market and boost consumption as faltering global demand hurts the export-reliant economy, an adviser to President Lee Myung Bak said.

China Housing Prices Decline at Gentler Pace

SHANGHAI—Average housing prices in China fell in May at a gentler pace for a second consecutive month, signaling that the decline in property prices is stabilizing in response to government measures.