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Chinese developers: Weekly update

Name: 19/08/2022. Gazprombank: Chinese developers: Weekly update
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

19/08/2022 | Gazprombank

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The National Bureau of Statistics reported a 32% YoY fall in national residential property sales in 7M22 to RMB 6.6 trln, while residential property investment declined 6% to RMB 6 trln over the period. The authorities indicated that the real estate market continues to show a downtrend and is in the process of bottoming out prior to the introduction of city-specific policies.

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