China’s housing sector could be mired in a slump despite possible rescue measures: analysts

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China’s housing sector could be mired in a slump despite possible rescue measures: analysts - SCMP

Quick Summary:

Policymakers, concerned about weak domestic demand, may step up easing rhetoric and measures’ at this month’s Politburo meeting, Goldman Sachs says.

A photo from June shows a housing project under construction by Chinese property developer Country Garden in Tianjin.

It also cited the lacklustre economic data released last week, including year-on-year GDP growth of 4.7 per cent for the second quarter, as well as mild improvement in home prices.