房地產

China to the rescue? The property market says no

With inflation stubbornly high and the government trying to work down its debts, China cannot afford another superhero stimulus like the Rmb4,000bn package that helped rescue the world from despair in 2008.

Instead Beijing is showing unexpected resolve in its campaign to cool the once-sizzling property market, (potentially) China’s economic kryptonite.

The importance of the Chinese property sector cannot be overstated. Property construction directly accounts for nearly 15 per cent of China’s gross domestic product and drives its demand for commodities, especially iron ore and copper. Jonathan Anderson, an economist with UBS, has called Chinese property “the single most important sector in the entire global economy”.

您已閱讀26%(723字),剩餘74%(2035字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×