China Stock Investors Say Worst Yet to Come in Property Crisis
- Geopolitics is No. 2 concern in informal Bloomberg News poll
- Cheap valuations spur optimism worst of foreign selling over
A deserted children's playground at a housing project in Ningbo, China, in August.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.
That’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland China. Six of them listed housing woes as the biggest risk for equities for the final quarter of 2023. Geopolitical tensions emerged as the second-biggest concern.