A new report from the ratings firm: "Economy At Higher Risk From Potential Property Downturn"
- China"s economy would face heightened risks from a potential future property downturn compared to when Moody"s previously analyzed the macroeconomic importance of the country"s real estate sector in 2014
- At the same time, the scope of the Chinese authorities for mitigating such an impact through fiscal and monetary policy has become more limited
- "Around 25%-30% of China"s GDP are connected to final demand from the property and construction sectors," says Michael Taylor, a Moody"s Managing Director. "This creates the potential for developments in the property market to have large macroeconomic effects."
more to come
Moody"s: China"s economy faces heightened risks from a potential future property downturn
Moody"s: China"s economy faces heightened risks from a potential future property downturn
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