16 Sep 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Consumer demand is well and truly in the doldrums.
That’s our takeaway from the August econ data print, released by the stats bureau (NBS) on Saturday.
Retail sales grew by 2.1% y/y in August, the second slowest growth rate since pandemic controls ended in late-2022.
More concerning, retail sales ...
September 18, 2024
Urban renewal projects are hitting roadblocks due to ongoing financial distress among property developers. ICYDK: Urban renewal involves reconstructing old, shabby residential developments into high-rise apartment buildings with improved amenities. Households forced to relocate during urban renewal are compensated with… Read More »
September 18, 2024
Despite China’s dismal August macro print, the property sector struck a somewhat positive note last month. According to the stats bureau’s (NBS) monthly data for the sector, published Saturday: New investment in the sector contracted 10.2% y/y in August –… Read More »
September 18, 2024
In a continued sign of weak demand, property prices slumped at a faster pace in August. According to the stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Saturday: In August, average new home prices fell… Read More »