Triple Whammy Hitting Property Market, Investment Banker Says
(Beijing) – An investment banker has blamed the recent slowdown in China's property market on the triple whammy of a graying population, high prices and oversupply – and he says urbanization won't ride to the rescue.
The comments by Ha Jiming, Goldman Sachs vice chairman for China, come amid debate over whether the property market has reached a tipping point after years of soaring prices.
- Sign up to receive our free daily newsletter
- How the Hammer Falls as China Nails Corruption
- CNPC Continues to Be Hit by Scandal as Two More Executives Fall
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Why Do Foreign Brands 'Break Bad' in China?
- Alibaba Said to Delay New York Listing until after Labor Day
- Sheila Patel: Investors Should Be 'Positive' about China Stocks
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- CDB Said to Get 1 Tln Yuan to Back Shantytown Renovation
- CBRC Approves Three Private Banks as Part of Pilot