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Property Market Chartbook, October 2022

Long-term policy signals toward the property industry remain unchanged after the Party Congress, with Beijing attempting to manage the decline in the sector rather than reversing the ongoing downturn. Sales are only rising modestly at present, but may continue to improve as COVID restrictions ease. Construction will continue declining in 2023, given this year’s sharp drop in land purchases. Local government financing vehicles (LGFVs) are increasingly important participants in the land market.

Posted November 1, 2022
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