What's next for China's US$60t property market in 2022?
Goldman Sachs says size of sector and its intricate linkages to economy and equity market earnings make it next year's most consequential risk factor
Singapore
WHEN it comes to investing in China, patience is probably what is needed. Economists say the mainland's strict lockdown measures could drag on until the end of the first quarter of 2022. Corporate earnings could be further revised lower, but the medium-term outlook looks rosier as China places more emphasis on the quality of growth rather than quantity.
Stefan Kreuzkamp, chief investment officer of DWS, sees the wave of regulation in China and the accompanying unrest on the markets as a necessary reform, rather than a threat.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s first-quarter industrial profits rise at slower pace
When US diplomats visit China, meal choices are about more than taste buds
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked