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Property Market Chartbook, March 2020

Property market indicators declined sharply across the board as China grappled with the coronavirus in the early months of the year. As sales revenues decline, developers will face additional pressure to cut prices, which may push property investors to the sidelines. Industrial production indicators tied to property construction all plummeted as migrant workers were absent from construction sites, with the exception of steel production, which rose slightly in January and February. Beijing has maintained a tightening stance toward the property sector at the national level, but localities will soon be under pressure to ease conditions for developers more aggressively.

Posted March 23, 2020
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