forex.pm forex forum binary options trade - China home price data due Wednesday 18 May 2022 likely to show impact of property slowdown

Due at 0130 GMT today are home price data from China for April:


   










This
snapshot from the ForexLive economic data calendar, access
it here.
The
time in the left-most column is GMT. The
numbers in the right-most column are the 'prior' (previous month)
result. 




A couple of snippets from analysts about the place on China's property sector slowdown. Not a bright picture. 
Capital Economics:The 25-year property boom has run out of steam as urbanisation has slowed to a crawl and the population of young homebuyers has gone into decline. Exports lifted China to becoming the world's major goods exporter but, outside the extraordinary circumstances of a pandemic, they can't lift it any higher. Credit-fuelled investment has given China world-beating infrastructure, but increasingly is contributing to financial overhangs that threaten the stability of its banking sector,Clocktower Group (a US based economics consultancy) says China's housing market is now in a worse situation than during the 2008 global financial crisis. Year-on-year growth of property sales has hit a 15-year low, despite multiple easing measures implemented by local governments in recent months.