/RATINGS: Moody's Investors Service has.......>

CHINA: /RATINGS: Moody's Investors Service has changed its outlook for China's

property sector to negative, as coronavirus-related disruptions and slowing

economic growth are weighing on property demand and inventory levels, while

offshore funding conditions will remain uncertain. "We expect a 5%-10%

year-on-year drop in nationwide property sales this year while inventory levels

will remain high. But the rated developers should still outperform nationwide

sales growth and are generally well-positioned to withstand the weakened

business conditions," says Celine Yang, a Moody's Assistant Vice President and

Analyst. Moody's expects that property sales will increase gradually through

2020 but will still be lower than in 2019 with weak demand, and inventory levels

will decrease but stay high amid sluggish sales.

- Link: https://tinyurl.com/y8shbnqc