As Property Market Continues To Slump In China, Are Property Investors Turning To India?

12 days ago HW News

Some analysts say that the support measures are the strongest signal yet that the two-year clampdown on the property sector is over. Chief China economist at UBS, Tao Wang, told CNN that the package of measures is a “turning point” for China’s property sector. As the property sector crashed, several major companies sought protection from their creditors. The Chinese property sector was hit hard as developers lurched from crisis to crisis and halted the construction of apartments as they ran out of money. It has about a third of its overall property portfolio, which are mostly non-residential commercial real estate, in China at the moment.
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