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This summer, rising anxiety among homebuyers about apartment completion brought problems in China’s massive real estate sector — and worries about spillover to the rest of the economy — to the forefront again.
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BEIJING — China’s struggling real estate sector could significantly drag down the economy and the stock market if authorities don’t provide enough support, Morgan Stanley analysts said in a report Wednesday.
The Shanghai composite has fallen by more than 12% so far this year. Several economists have slashed their China GDP forecasts to near 3% or less this year as Covid controls and the property slump weigh on growth —…
Source cnbc.com
