Chinese property market crisis not over

A large stock of unfinished housing is among the major problems to be addressed, the fund says China is still facing a real estate crisis and its government has a lot of work to do to fix the problems, the International Monetary Fund (IMF) said on Friday. The cash-strapped property sector, which accounts for a quarter of the Chinese economy, has struggled with defaults and stalled projects, hitting market confidence and dragging down growth in the world’s second-largest economy. IMF economists welcomed recent measures by the country’s authorities to ease restrictions on financing for the sector but pointed out tha

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Last updated : 04 February 2023 clock 06:05 PM

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