CHINA GROWTH CONF: Chinese property outlook upbeat despite construction slowdown

The outlook for the Chinese property sector remains sanguine despite a slowdown in real estate construction in the first half of this year, according to panellists at Euromoney’s China Growth Investor Forum in Singapore on Thursday June 29.

The Chinese government’s series of cooling measures introduced in recent months to curb speculative demand and surging property prices has begun slowing new construction starts in the country.
Metal and steel consumption in the country is expected to be affected in the event of a slowdown in China’s property sector, itself an important driver of the Chinese economy.
For example, aluminium consumption in China is largely driven by the property sector, Huatai Financial executive director Wang Shuai said at an aluminium summit last month.

Published

Vivian Teo

June 29, 2017

13:23 GMT

Singapore