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China's real estate crisis isn't over yet, IMF says - TL;DR CNBC

China's real estate crisis isn't over yet, IMF says

Publishing timestamp: 2023-02-03 04:00:01


Summary

The International Monetary Fund (IMF) has said that China needs to do more to fix its real estate problems. Chinese authorities have started to ease restrictions on financing for the sector, but more action is needed to address the large stock of unfinished apartments. Chinese property developers have seen their shares increase over the last three months, but some have been halted since March 2022. The IMF has raised its global growth expectations for the year due to better-than-expected growth in major countries late last year.


Sentiment: MIXED

Tickers: 960-HK2777-HK2007-HK

Keywords: business newsguangzhou r&f properties co ltdcountry garden holdings co ltdworld economymarketsreal estatestock marketslongfor group holdings ltdmarket insider

Source: https://www.cnbc.com/2023/02/03/chinas-real-estate-crisis-isnt-over-yet-imf-says.html


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