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Property Market Chartbook, August 2022

China’s property market continues to deteriorate, with rising mortgage defaults jeopardizing a recovery in sales later in the year. Beijing has started to respond more aggressively, with media reports that new policy bank loans will be used to ensure houses will be completed. But land sales are declining, construction activity continues weakening and more developers are facing financial pressures, with the consequences for the financial system yet to materialize.

Posted August 23, 2022
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