China: It’s All About The Property Market

🇨🇳 🇨🇳 The stabilization of China’s property market, is central to the nation’s economic recovery. Housing sales plunged 33% by value in the January-February period from a year ago, the most since May 2022, and will likely contract again in March. New home sales are watched as a leading indicator for sentiment, investment and prices, said Haibin Zhu, chief China economist at JPMorgan Chase & Co

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