Posted 1/9/2024, 2:47:00 PM
China's Economy Shows Resilience but Real Estate Risks Remain
- China's economy shows signs of solid recovery fueled by consumer spending, services, and exports, though property downturn and weak demand remain risks
- Global institutions expect further policy easing like interest rate cuts to support economy
- Real estate sector weakness still a major drag; more support funding needed to aid developers
- Central Economic Work Conference called for stabilizing real estate, adjusting policies to support growth
- Experts say proactive fiscal expansion and infrastructure investment needed to boost demand