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China property set for modest demand recovery in 2023 on policy support

From channelnewsasia.com

China's deeply troubled property sector is set to see home sales fall for the second straight year in 2023, but the pace of declines will ease thanks to state support measures and the lifting of the government's strict anti-COVID policies. Property sales are expected to slip by a median of 8 per cent this year, a Reuters survey of eight economists and analysts showed, compared to a slump of around 25 per cent in 2022, as economic activity, household income and consumer confidence are seen rebounding in the second half. Economists and analysts believe policymakers will roll out more support measures to stimulate home ... (full story)

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  • Category: Fundamental Analysis