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Nomura's Ting Lu: CCP Politburo Meeting Has Clarified Major Policy Direction
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It is reported that the Central Economic Work Conference will be held this Wednesday and Thursday. Ting Lu, Nomura's Chief China Economist, said that the CCP Politburo meeting held on Monday has already clarified the major policy direction, and the Central Economic Work Conference generally put its main focus on guidance with detailed policies approved by the State Council and the National People's Congress rather than providing specific policy measures. Regarding the Chinese real estate sector, Lu believed that describing the current situation as a rebound after hitting the bottom is somewhat premature. After policies such as easing purchase restrictions in major cities, a siphon effect may occur in the future, where real estate in major cities remains stable, but demand in small and medium-sized cities is drawn away. As a result, it is expected that the Chinese real estate market will continue to face challenges next year and require continued policy support. AAStocks Financial News |
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