There Are More Signs That China's Property Market Is Cooling Off
WUQING, TIANJIN, CHINA - 2016/03/09: Huge construction site in Wuqing. Wuqing, is a suburb county located on the CRH railway line from Beijing and Tianjin. It takes 20 minutes from Wuqing to Beijing and 10 minutes to Tianjin. Because a lot of people rush to Wuqing to invest houses, the price of houses has risen rapidly since the end of 2015.
Photographer: Zhang Peng/LightRocket via Getty ImagesChinese policymakers have resorted to traditional levers to juice the economy this year: investment, public-sector spending, and monetary expansion.
Housing construction, real estate, and public services helped to keep headline year-on-year growth on an even keel at 6.7 percent in the second quarter, offsetting falling financial sector output. But there are growing signs the property market has slowed down, while imbalances in the sector are growing, according to analysts.