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China Property Recovery Up to a Year Away, Ex-PBOC Adviser Says
China’s property market could take as long as a year to recover, according to a former central bank adviser, who’s urging Beijing to do more to encourage lending to developers to halt the spread of defaults. Sales in China’s largest cities could return to growth in the next four to six months, but in smaller cities “it will take anything to between six months to one year for a good recovery,” Li Daokui, a former member of the People’s Bank of China monetary policy committee, said in an interview. Home sales are the main source of income for property developers and the collapse in the market over the past ... (full story)
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- Sep 26, 2023 3:08am Sep 26, 2023 3:08am
- Sovy
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Trading is gambling. So gamble responsibly.
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- Sep 26, 2023 3:28am Sep 26, 2023 3:28am
- Rich.C
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Break the cake