China Property Drag Deepens to 1.8pp: What It Means for China GDP

Posted on by Eben@CANSLIM Research

In a report titled “China: Property Downturn Deeper Than Previously Anticipated, But Its Growth Drag Should Still Ease Gradually in the Years Ahead,” the analysis argues that the property correction has proved more severe and more protracted than its earlier projections allowed. The research decomposes the sector’s contribution to year-on-year real GDP growth into five direct channels: construction, real estate services, upstream effects through commodity demand, move-in related consumption and land sales related fiscal effects.

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