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How will China’s GDP be hit by Beijing’s new caps on real estate lending?

Summary:
[unable to retrieve full-text content]China’s aggressive moves to tamp down risk in the real estate sector by curbing financing are not expected to significantly affect growth this year, provided other sectors of the economy continue to improve, economists have said.The property market has been a major driver of economic expansion in recent years, particularly in the aftermath of the coronavirus outbreak, so a slowdown in the sector could have an outsize effect on the overall economy. One reason is that many other industries – such…

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[unable to retrieve full-text content]
China’s aggressive moves to tamp down risk in the real estate sector by curbing financing are not expected to significantly affect growth this year, provided other sectors of the economy continue to improve, economists have said.The property market has been a major driver of economic expansion in recent years, particularly in the aftermath of the coronavirus outbreak, so a slowdown in the sector could have an outsize effect on the overall economy. One reason is that many other industries – such…

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