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
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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.
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