Economics
China's Property Slowdown Means Peak of Growth Cycle Has Passed
- China home sales rose at slowest pace in more than two years
- Cooling housing market dents demand from cement to furniture
Bloomberg's Malcolm Scott reports on China's economy as Industrial output, retail sales and fixed-asset investment figures are released. He speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg)
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China’s economy hit a mid-year speed bump last month as factory output, investment and consumption slowed.
While there were multiple reasons -- from a deleveraging push to capacity cuts to the simple fact that the heady pace of first-half expansion was always likely to prove unsustainable -- one key cause of the weakness was a pullback in property.