China poised to solve its real estate inventory problem: JPMorgan
New York
AS Chinese equities start the year in free fall, one analyst has a counterintuitive call on what is perhaps the country's most feared sector: real estate.
While the China Developers Index is down roughly 35 per cent from its 2015 peak, China's shaky property market began a stretch of outperformance relative to the Hang Seng China Enterprises Index in the final two months of the year.
JPMorgan analyst Ryan Li thinks this momentum will continue in 2016. What's more, he contends that the prospect of improving fundamentals in the real estate market mean…
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