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China’s Property Crisis Likely Dragged Economy Down in November

  • Growth in property investment seen slowing as crisis deepens
  • Retail sales likely moderated amid virus restrictions
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Logan Wright, director of China markets research at Rhodium Group, discusses China’s economic priorities for next year and their potential impact on the economy. Markets: China Open.”

Economic activity in China likely slowed in November due to the worsening downturn in the property sector and still subdued consumption. 

Growth in fixed-asset investment probably weakened last month, dragged down by sluggish property investment, according to the median estimate in a survey of economists ahead of data due to be released Wednesday morning.