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China economic focus September 2021: default risk rocks property market
*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 experiencing default risks, originating from a financial crisis at leading property developer China Evergrande. The situation is the result of the government tightening housing policies with the intention to rein in speculative housing demand, and to shift the growth driver of the economy from investment to consumption. In the long term, property market fundamentals will remain robust but urban housing completions will peak in 2022. The demand trajectory for commodities related to property construction, including steel, copper, coal and natural gas, varies based on their different applications in this sector.
Table of contents
- Highlights
- Why is the government tightening housing policy?
- Peak housing construction
- Varied demand trajectory for different commodities
- Appendix
Tables and charts
This report includes the following images and tables:
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Primary demand vs investment demandDebt level rises for developers and householdsUrban housing completion
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Newly urbanised populationInternational benchmarking of living floor space per capitaSteel vs copperCoal vs natural gasWood Mackenzie's proprietary China dataManufacturing PMIIP and retail salesTradeInflation
- 4 more item(s)...
What's included
This report contains:
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