Indicators
China’s Property Rescue to Deliver Modest GDP Boost, Survey Shows
- Seven of 12 economists see up to 0.3 ppt growth lift this year
- Analysts expect cut to reserve requirement ratio by end-June
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China’s most forceful attempt to shore up its beleaguered property market is expected to improve growth prospects modestly this year, according to economists surveyed by Bloomberg.
Seven out of 12 respondents to a flash survey said the rescue package unveiled May 17 will give a boost of between 0.1 and 0.3 percentage point to gross domestic product this year. Four economists expect a contribution of less than 0.1 percentage point, while one saw no impact from the policies. The median forecast for growth in 2024 edged up to 4.9%.