Moody’s Analytics: China’s property market too big to fail

A woman and child stop by a canal in front of apartment buildings at China Evergrande Group's Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021.Photographer: Qilai Shen/Bloomberg

KUALA LUMPUR: Moody’s Analytics expects China to make every effort to avoid a hard landing as it seeks to tame the housing market while financing pressure on developers has mounted.

In its research note on Tuesday, it said the long-term goal to deleverage the debt-ridden sector and lower housing costs will not change.