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17th Jun 2022 00:00China+, Daily Monitor

China’s property market took another tumble in May, despite policy efforts to steady the ship.

Buyers are unlikely to return while so many developers look fragile, and employment is under pressure.

Real estate will be a headwind to economic growth for the rest of the year, and likely beyond.

bond issuance construction credit credit risk deposits developers employment government japan June labour loans local government local governments May mortgage pboc policy policymakers property market q3 real estate sales values unemployment

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Keywords for: Keep an Eye on Chinese Property, Amidst the Focus on Zero-Covid

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