China’s Covid Policy Will Hinder Property Recovery, Goldman Says
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China’s zero tolerance approach to combating Covid infections will curb the benefits expected from recent measures to support a struggling property market, according to Goldman Sachs Group Inc.
“Because of the Zero Covid policy, all the ongoing property easing might not be transmitted into the property sector recovery,” Hui Shan, chief China economist at Goldman Sachs, said in an interview Wednesday with Bloomberg TV’s Haidi Stroud-Watts and Vonnie Quinn.