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Thematic (Sector/Industry)

China Real estate / Thematic (Sector/Industry)

<ul><li>China’s struggling property market is showing glimmers of improvement as the protracted decline in housing investment and sales slowed during the first two months this year</li><li>Property investment by developers dropped 5.7% in the first two months of 2023, narrower than the 12% decline in December and the 10% slump for all of 2022.</li><li>Housing sales also showed signs of recovery in the first two months. Total property sales by floor area fell just 3.6% from a year earlier, compared with a 24% decline for the whole of 2022</li></ul>

China’s struggling property market is showing glimmers of improvement as the protracted decline in housing investment and sales slowed during the first two months this yearProperty investment by developers dropped 5.7% in the first two months of 2023, narrower than the 12% decline in December and the 10% slump for all of 2022.Housing sales also showed signs of recovery in the first two months. Total property sales by floor area fell just 3.6% from a year earlier, compared with a 24% decline for the whole of 2022

Housing Market Slide Slows Amid Signs of Recovery