A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters
A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters
David Chao
Opinion

Opinion

David Chao

China’s census suggests property boom days may be over

  • Falling birth and marriage rates represent longer-term headwinds for the Chinese property market
  • Changes in access to investment products may also drive investors away from real estate as an asset class

A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters
A man walks past the reflection of residential buildings in a park in Shenyang, Liaoning province. The housing market is seeing rising vacancy rates in cities including Dalian, Harbin and Shenyang. Photo: Reuters
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David Chao

David Chao

David Chao is a global market strategist (Asia Pacific) at Invesco, responsible for developing Invesco's view on the investment market and global economy, as well as providing strategic investment advice to financial professionals and clients in the region. He has over 15 years of experience in the financial industry across Asia Pacific and North American markets, and has provided advisory services to facilitate investments throughout Greater China and Southeast Asia.