Signs of stabilization in China’s property market

China’s property market has taken a beating over the past two years. Not only due to the Covid-19 pandemic, subsequent lockdowns, and lower household income, but also due to political headwinds. However, the tide is slowly turning and the market is showing signs of recovery.

One aspect that is adding to the market’s recovery, as per Bingyao Chen, Investment Analyst at Mirae Asset Global Investments, is China’s proposed common prosperity. “We believe real estate would be one of the key components to ensure a balance between economic efficiency and distribution. We’ll unlikely see nationwide property prices soar again to stimulate property demand or speculation,” writes Chen.

In a new market analysis, Chen looks at the aspects contributing to the recovery of the real estate market and also identifies the impact on China’s banks. Read more at miraeasset.eu.