Property News · July 5, 2017

China’s cooling property market could weigh on the economy


China’s property sector, a key growth driver of China’s economic uptick in the first half of the year, is likely to sputter and weigh on the economy in the following months, impacting anything from commodity prices to government revenue, according to analysts.
Real estate investment which has so far been an economic pillar, grew 8.8 per cent in the first five months, according to the National Bureau of Statistics (NBS). The pace overtakes the 6.9 per cent economic growth in the…

Source : South China Morning Post
Read more…China’s cooling property market could weigh on the economy

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