Insight
China economic focus August 2022: property recession
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s property market is in recession and could potentially develop into a systematic financial and economic crisis. However, we expect a managed property recession rather than a systemic financial crisis due to supportive governmental measures. We have also downgraded our housing completion forecast due to the sectoral recession in the short term and the more bearish outlook for the demographic trend in the long term.
Table of contents
- Highlights
- Property market in a vicious cycle
- Financial and economic stability at stake
- A turnaround of housing policy
- A downgraded urban housing completion outlook
- Appendix
Tables and charts
This report includes the following images and tables:
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Funding for property developers deterioratedThe direct GDP contribution of the real estate sectorHousehold loans and debt level
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Outstanding real estate loansNewly Urbanised populationUrban housing completionsManufacturing PMIIP and retail salesTradeInflationProperty
- 3 more item(s)...
What's included
This report contains:
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