What slower GDP growth means for China’s real estate market
China’s continued economic slowdown is reshaping the country’s real estate market, as investor confidence remains high. Tax cuts, increased infrastructure spending and demand from foreign investors will support China’s real estate market in 2019 in the wake of slower economic growth. China’s economy grew 6.4 percent during the last three months of 2018, the slowest pace since the global financial crisis. The property market accounts a meaningful proportion of China’s GDP growth and Beijing has, in the past, deployed stimulus measures to support the market. But the government’s on-going effort to deleverage the nation’s financial system has prompted a new approach. “Real estate plays a very important role and has a direct and indirect impact on China’s GDP,” Daniel Yao, head of research, JLL China. To keep property prices under control, the central bank is pumping more liquidity into the economy to boost consumer confidence and the government is pushing banks to increase lending while making widespread corporate and income tax cuts. “Previously the government would loosen real estate policy in response to a major slowdown, especially in the residential market, but they remain strict,” adds Yao. Fresh infrastructure investment is also expected to boost the economy but the focus will be less on mega projects such as new metro lines, highways and airports, and instead on technology and telecoms infrastructure, supporting 5G networks and investment in artificial intelligence, for example. This will create demand in the office and logistics real estate sectors. What slower GDP growth means for China’s real estate market | The Investor The post What slower GDP growth means for China’s real estate market appeared first on Thailand Business News. ... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, What slower GDP growth means for China’s real estate market, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you
Published By: Thailand Business News - Tuesday, 19 February
- Older News
- Vote! Thai growth slips to 4-year low in Q1 Thailand Business News (Yesterday) - The National Economic and Social Development Council (NESDC) reported that GDP rose 2.8% year-on-year in the first quarter. The first quarter outcome is down from a revised 3.6% in the...
- Vote! Thai Economy likely to miss the 3.5% growth target Thailand Business News (3 days ago) - Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and...
- Vote! A drop in demand leaves Bangkok with a glut of completed new condos Phuket Gazette (4 days ago) - A parliament of owls? A murder of crows? A flock of geese? But what’s the collective noun for a lot of available new condo developments in Bangkok? A glut of...
Popular Asia Job Post Articles
- - Panasonic joins firms stepping away from Huawei after US ban
- - Indonesian Protesters, Police Clash in Second Night of Post-election Unrest
- - Slowdown won't keep Chinese from calling Bangkok 'second home'
- - Study: Ozone-Killing Chemicals Traced to China
- - Smokin’ hut: Singapore’s solution for cigarette puffers
- - India election result: moment of truth arrives for Narendra Modi and BJP as vote counting begins
- - The true measure of Indian democracy is found outside the ballot box
- - Gama may become Muang Thong coach
- - 14 smuggled Burmese migrants rescued and alleged trafficker arrested
- - America and Japan’s vision of an Indo-Pacific free from Chinese threat runs into deep waters