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Property prices show signs of stabilizing in first-tier cities, Michael Pettis notes

Property prices show signs of stabilizing in first-tier cities, Michael Pettis notes
Property prices bottoming in key Chinese cities

Michael Pettis, economist, professor of finance, nonresident senior fellow, author, macroeconomic analyst at Peking University; Carnegie Endowment for International Peace, observes that property prices may finally be bottoming out in first-tier cities in China.

He cautions that while these top-tier markets could be stabilizing, many other areas in the country are likely to face a longer recovery period.

Pettis has previously highlighted ongoing concerns about hidden bad debt in China's banking sector following the fallout from the Huaxia Bank case. He has also noted a widespread consensus among economic advisors on China's need to rebalance its economy. Both issues remain in focus as investors assess shifts in the country's property markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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