China's Property Market Faces Persistent Challenges Despite New Stimulus
TL;DR Summary
A survey by Southwestern University of Finance and Economics reveals that China's middle class remains cautious about spending, particularly on property, with future spending expectations lower than during the early Covid-19 pandemic. Despite a 5.3% GDP growth in Q1 2024, discretionary spending and real estate investments have declined, reflecting broader economic pressures and uncertainties.
- China’s middle class still jittery about spending – especially on property: survey South China Morning Post
- China's property stimulus raises risks for banks in smaller cities, S&P Global says Yahoo Finance
- China's Housing Rescue Has a Poor Track Record in Pilot Cities Bloomberg
- China Has a Plan for Its Housing Crisis. Here's Why It's Not Enough. The New York Times
- Explainer: China's latest property market support package - its contents and what's at stake Reuters.com
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