Posted 10/24/2023, 9:01:07 AM
Moody's: China's property crisis stimulus only short-term fix, sales and prices still likely to decline
- China's property crisis stimulus measures unlikely to prop up beleaguered home sales long-term, Moody's warns
- Moody's less optimistic than some analysts about recent signs of recovery in home prices
- Moody's forecasts nationwide contracted sales will decline over next 6-12 months
- $60.5 billion of Chinese property bonds come due in next 6 months, 1/3 offshore
- China rolling out initiatives to revive property market, including changes to land policy and mortgage rates