Our Privacy Statment & Cookie Policy
All LSEG websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.
China’s economy had already been slowing before the recent intensification of the woes surrounding real estate developer Evergrande. A key focus for investors is the extent of the latter’s spillover to the broader housing market and economy. In August, floor space of newly started residential buildings fell by 1.7% on a year-on-year basis, while the land area acquired by real estate developers fell by around 10%. Sales of land are a crucial source of funds for local governments, equivalent to around 70% of their official revenues in 2019. So far, house price growth has slowed but has not moved into negative territory at a national level. Overall, policy is clearly less supportive of the housing market at the present time. Going forward, however, if growth were to slow too much, particularly ahead of next year’s 20th National Congress, policymakers could be tempted to relent and fire up this tried and tested tool to boost the economy.
Refresh this chart in your browser | Edit the chart in Datastream
Join a growing community of asset managers and stay up to date with the latest research from Refinitiv and partners to help you inform your investment decisions. Follow our Asset Management LinkedIn showcase page.
________________________________________________________________________________________
Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.
Refinitiv offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.
Tensions in the Middle East have disrupted shipping lanes through the Gulf of Aden, ...
Fathom’s Global Outlook, Spring 2024 was finalised and distributed to clients in early ...
Middle East oil-producing countries are looking to diversify their economies away from ...
The LSEG/Ipsos Primary Consumer Sentiment Index for March 2024 is at 53.1. Fielded from ...