Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 8
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»China’s Economy Faces Headwinds in Real Estate As Retail Rebounds
    Property

    China’s Economy Faces Headwinds in Real Estate As Retail Rebounds

    August 15, 20242 Mins Read


    The world’s second-largest economy can’t seem to shake off troubles related to its property sector, even as new data shows an increasingly confident consumer.

    Data released Thursday shows China’s fixed-asset investment expanded by 3.6% year-over-year in the first half of 2024, falling short of 3.9%.

    The weak data was mainly fueled by slowing infrastructure investment, according to analysts from Goldman Sachs, who pointed to a drag from heavy rainfall and flooding.

    Meanwhile, real estate investment remains the economy’s key sore spot, with a 10.8% year-over-year fall.

    The data shows new-home prices across 70 of the country’s biggest cities fell 5.3% year-over-year in July, following a 4.9% decline in June.

    China’s housing market has been battered by slowing property sales and starts in the last few years, and its struggles seem far from over as a sizable portion of its available housing stock remains empty.

    One bright spot was retail sales, which increased 2.7% year-over-year in July, above analysts’ estimates and up from a 2% increase in June.

    The jump was fueled by online sales, partly due to the 618 Online Shopping Festival online retail event, which came earlier and lasted longer than usual, the Goldman analysts said.

    Slowing demand within China raised warning signs last month, especially as potential tariffs threaten the country’s strong exports.

    The government has rolled out a range of new policies meant to stimulate consumer spending as well as raise household income in the last few months.

    “We believe the urgency for incremental policy easing is increasing to counteract subdued domestic demand,” Golman analysts wrote, adding that otherwise, the country’s goal of an approximately 5% GDP growth rate for 2024 may be at risk.

    “Following the pro-growth July Politburo meeting, we expect more demand-side easing measures in coming months — especially on fiscal, consumption and housing fronts — and maintain our forecast for sequential GDP growth to rebound in H2 from its Q2 low,” the analysts added.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleMore Hedge Funds Buy Bitcoin ETFs as Institutional Demand Grows
    Next Article NYSE American axes bid for spot Bitcoin ETF options

    Related Posts

    Property

    UK house prices stall in June as stamp duty change and weak economy hit confidence

    July 7, 2025
    Property

    Supreme Clean Property Services Announces the Expansion of Student Housing Turnovers in All 50 US States

    July 7, 2025
    Property

    White Mountains takes majority stake in US insurance group – The Royal Gazette

    July 7, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Nasdaq falls 4%, Dow loses 900 points, S&P 500 drops 3% as markets crumble with Trump’s tariff war turning to China

    April 10, 2025
    Commodities

    BlackRock Resources & Commodities Strategy Trust (NYSE:BCX) annonce un plan de rachat d’actions portant sur 2 004 946 actions, soit 2,50 % de son capital social émis. -Le 23 janvier 2025 à 06:00

    January 22, 2025
    Investing

    ‘Unprecedented’ stock market rotation ‘should stop very soon’: Barclays By Investing.com

    July 30, 2024
    What's Hot

    Utilities, amenities for first-time renters: what to know

    March 21, 2025

    Asian stocks drift lower amid mixed Japan cues; Powell speech looms By Investing.com

    August 23, 2024

    Why investors should still avoid Chinese stocks

    October 27, 2024
    Most Popular

    The Real Estate Fueled Rebirth Of Millennials’ Financial Prospects

    August 18, 2024

    Unveiling Challenges and Gaps in Climate Finance in Conflict Areas – World

    October 29, 2024

    Bitcoin and Altcoin Rally Ahead As China Boosts Debt Ceiling in Economy Stimulus

    October 12, 2024
    Editor's Picks

    World Intellectual Property Day 2025: History, Significance, Theme And More

    April 25, 2025

    Donald Trump a « accéléré de plusieurs décennies l’adoption du Bitcoin » selon Adam Back

    May 30, 2025

    Soybeans, corn set for weekly losses on trade war disruptions

    March 13, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.