Property Market Chartbook, August 2021

China’s July property data showed that weakening residential construction contributed to the broader industrial slowdown over the past several months. Starts and sales both declined in year-on-year terms, in part due to flooding and restrictions on movement necessary to control the Delta variant. Policy toward developers’ financing conditions continues tightening, which marks a qualitative difference from previous property market downturns.

Posted August 30, 2021
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