China has unveiled a series of measures to shore up the country’s beleaguered property sector. Photo: AP Photo
China has unveiled a series of measures to shore up the country’s beleaguered property sector. Photo: AP Photo

Risks to China’s financial system to rise as property downturn persists, Moody’s says

  • The outlook for China’s property sector remains negative because of sluggish demand and weak contracted sales, Moody’s says
  • Growth forecasts for China cut to 3 per cent this year and 4 per cent in 2023

China has unveiled a series of measures to shore up the country’s beleaguered property sector. Photo: AP Photo
China has unveiled a series of measures to shore up the country’s beleaguered property sector. Photo: AP Photo
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