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China’s Ailing Property Sector Big Overhang for 2023 Growth

  • Real estate has yet to signal that it is bottoming out
  • Property indicators are worth most attention: StanChart
Data this week showed a 27% contraction in housing sales in December, extending a streak of declines that began in July 2021.

Data this week showed a 27% contraction in housing sales in December, extending a streak of declines that began in July 2021.

Photographer: Qilai Shen/Bloomberg
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Bloomberg News
Updated on

China’s real-estate market is the big unknown for the recovery of the world’s second-largest economy this year. 

The property sector has yet to really signal that it is bottoming out, even as the government ramps up support for developers and lenders in a bid to stop a historic slump.