Workers at a construction site of a China Evergrande Group development in Wuhan, on December 22. The developer has more than US$300 billion of debts and is scrambling to raise cash. Photo: Bloomberg
Workers at a construction site of a China Evergrande Group development in Wuhan, on December 22. The developer has more than US$300 billion of debts and is scrambling to raise cash. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why the loss of confidence in China’s property market is set to persist

  • Beijing has been more resolute in reining in the excesses in the property sector in the face of a sharp slowdown than markets anticipated
  • Expectations of a dramatic reversal are unrealistic. Restrictions will be gradually eased, but the priority of taking the heat out of the market remains unchanged

Workers at a construction site of a China Evergrande Group development in Wuhan, on December 22. The developer has more than US$300 billion of debts and is scrambling to raise cash. Photo: Bloomberg
Workers at a construction site of a China Evergrande Group development in Wuhan, on December 22. The developer has more than US$300 billion of debts and is scrambling to raise cash. Photo: Bloomberg
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