Beijing’s tough policy for reducing debt in the property sector is dragging on economic growth, analysts say. Photo: Bloomberg
Beijing’s tough policy for reducing debt in the property sector is dragging on economic growth, analysts say. Photo: Bloomberg
China GDP

China GDP: economic growth tipped to slow amid coronavirus, property crackdown and debt reduction campaign

  • Regulatory tightening in the property sector, deleveraging efforts and recurrent Covid-19 outbreaks are among the factors dragging on growth
  • Analysts in a Bloomberg survey are predicting a 3.6 per cent expansion in the fourth quarter, down from 4.9 per cent in the previous quarter

Beijing’s tough policy for reducing debt in the property sector is dragging on economic growth, analysts say. Photo: Bloomberg
Beijing’s tough policy for reducing debt in the property sector is dragging on economic growth, analysts say. Photo: Bloomberg
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