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Has China’s property market reached the bottom?
China’s leadership has moved aggressively in recent weeks to support the world’s second largest economy, in part by stabilizing the housing market. Policymakers’ efforts to put a floor under property valuations may mark a turning point, according to Goldman Sachs Research. “We are finally at an inflection point of the ongoing downward spiral in the housing market,” writes Yi Wang, who leads the China real estate team in Goldman Sachs Research. “This time is different from the previous piecemeal easing measures, in our view.” Some $1 trillion of additional fiscal stimulus could be injected to help ... (full story)
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- Posted: Nov 11, 2024 9:18pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,632
