The property market, a pillar of the world’s second-largest economy, was weakened by a government clampdown on excessive borrowing from developers last year.
BEIJING: China’s property market woes are likely to worsen this year, with prices remaining flat and sales and investment falling further, while tighter and widespread Covid-19 curbs weigh on still fragile demand despite more policy easing.
The property market, a pillar of the world’s second-largest economy, was weakened by a government clampdown on excessive borrowing from developers last year.
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