Property still vital for China’s confidence, emerging ‘new three’ growth engines to help: Citi economist

Structural problems emerged in the economy as China’s property sector had a dire year. To see a restoration of confidence, more targeted policy support and timely interventions are needed.

Ryan Li

January 16, 2024

A stable property sector continues to be key to restoring both investor and consumer confidence in China’s economy development in 2024, Citigroup’s Greater China chief economist Xiangrong Yu said in an outlook briefing last week.

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