Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CHINA PRESS
MNI (Singapore)

China’s property investments may shrink by as much as 10% in 2022, dragging down overall growth, Yicai.com reported citing a research organization it didn’t identify. Including development, construction materials and all other segments, the property account for 20% of the country’s GDP, Yicai said. Should the total property investment decline by 8% this year, it can shave 2.7 percentage points off overall growth, given the effect of declining wealth and fiscal revenues, etc., Yicai said. The situation will worsen from last year, when the property sector still contributed to 0.4 pp growth in full-year GDP despite a rapid slowdown in H2, the news site said citing official data.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.