Fixing China's property sector could take years — if not a decade, says economist
Publishing timestamp: 2023-09-26 00:55:42
Summary
The article discusses the challenges facing the Chinese property sector, including faltering consumer confidence and debt problems faced by companies like Evergrande and Country Garden. The article suggests that fixing the property sector could take up to a decade and highlights the potential negative impact of China's urbanization drive coming to a halt. It also mentions a former Chinese official warning about an oversupply of real estate and discusses the potential for a healthier Chinese economy if it relies less on the property sector for growth.
Sentiment: NEGATIVE
Tickers: 3333-HK,
Keywords: china evergrande group, business news, china, economic events, asia economy, real estate,