Insight
China economic focus August 2022: property recession
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 15 images and tables including:
- Funding for property developers deteriorated
- The direct GDP contribution of the real estate sector
- Household loans and debt level
- Outstanding real estate loans
- Newly Urbanised population
- Urban housing completions
- Manufacturing PMI
- IP and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
25 May 2023
China economic focus May 2023: a recovery without inflation
Insight
China economic focus May 2023: a recovery without inflation
Inflation will remain low in 2023 despite 5.7% GDP growth.
$95030 March 2023
China economic focus March 2023: time for changes
Insight
China economic focus March 2023: time for changes
The new government in China faces challenges in domestic and external markets.
$95026 April 2023
China economic focus April 2023: a lacklustre recovery for industry
Insight
China economic focus April 2023: a lacklustre recovery for industry
Commodity demand hit by a lacklustre recovery for the industry in Q1
$950
