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-HK, 2777-HK, 2007-HK,
Keywords: business news, guangzhou r&f properties co ltd, country garden holdings co ltd, world economy, markets, real estate, stock markets, longfor group holdings ltd, market insider,
Source: https://www.cnbc.com/2023/02/03/chinas-real-estate-crisis-isnt-over-yet-imf-says.html