2024-07-06 02:00:00 +0300

China’s Housing Market Pain Set to Continue After Sales Bottom

Bloomberg

China’s real estate slump is probably past its worst -- but the market remains a long way from a full recovery.

Industry executives and economists foresee sales remaining depressed due a weak job market, a prolonged cash crunch and low confidence on housing prices. It could hit growth in the world’s second-largest economy, where real estate and related industries account for about 20% of gross domestic product.

#economy #realestate #lowconfidence #cashcrunch #industryexecutives

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