Fighting Over a Shrinking Pie

China’s property sector drove credit demand in 2016, but is firmly in regulators’ crosshairs at the start of 2017, as demonstrated by a hawkish PBOC Q4 monetary policy report. Continued property construction will be critical to maintain broader activity growth this year, but transaction volumes are falling, and accessing credit for both developers and homebuyers may be far more difficult.

Posted August 1, 2017
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