China Developers Are Gloomiest in Almost a Decade, Survey Shows
Eastspring's Wong Likes China Banks, Real Estate
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China’s developers are at their gloomiest in eight years, adding risks to the world’s second-largest economy as it faces pressure from a potentially protracted trade war.
A sentiment index of the property market compiled by Standard Chartered Plc dropped to 38.5 in August, the lowest since it started in 2010. The readings are based on a semi-annual survey with 40 senior managers of property firms in nine cities, ranging from the metropolis of Shanghai to the little-known inland town of Huangshi in Hubei province.