China Housing Rebound Fizzling Shows Risks to Economic Recovery
- High-frequency data suggests a short-lived housing recovery
- Waning property recovery may limit China’s growth this year
Residential buildings under construction in Beijing in March.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s housing market sales is regressing after a brief recovery, underscoring the challenges the world’s second-largest economy is facing.
Signs of weakness are emerging after housing sales and prices recovered briefly following a historical slump of about 18 months. China’s property sector is key for the economic growth outlook this year, as it accounts for about 20% of the country’s gross domestic product after including related industries.