(Bloomberg) — China’s property sector has yet to see the worst of the crisis that has cast a pall over the nation’s economy and helped drive an exodus of global funds from the world’s second-largest stock market.
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That’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland China. Six of them listed housing woes as the biggest risk for equities for the final quarter of 2023. Geopolitical tensions emerged as the second-biggest concern.
The results are a reflection of the worsening malaise in China’s real estate industry, as policymakers appear reluctant to undertake more aggressive stimulus measures lest they may fuel long-term financial risks. Sentiment has only worsened this week as worries about liquidity and weak housing demand intensified, sending a Bloomberg…
