Property: Unfinished Business

Some central government assistance to the property sector is increasingly probable in response to the growing threat of homebuyers’ mortgage boycotts. But the focus of these measures will be to ensure construction of incomplete houses, rather than supporting the sector as a whole, or providing financial assistance to developers. Beijing still has no intention of relying upon the property sector to drive growth over the next decade, but does appear unsettled by the potential financial fallout from mortgage defaults.

Posted August 1, 2022
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