China Unlikely to Relax Property Policies, BNP Says
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China is unlikely to relax measures aimed at slowing the real-estate industry “anytime soon,” damping a recent recovery in sales and disappointing investors, according to BNP Paribas.
“The sector will be under downward pressure in the short term,” BNP analysts led by Frank Chen said in a report. “Existing policies are unlikely to be relaxed anytime soon.”