China's economy faces challenges in the Year of the Dragon due to a local debt crisis, cooling property market, declining population, and the return of Chinese consumers from the New Year season. Property sales are expected to drop by about 5% in 2024.
#China’s #property sales declined at slower pace in 2023, sold floor area returned to 2014-level, 2024 sales to drop by about 5% – research https://t.co/NkoUlO44GI
This is bad for the economy https://t.co/76XfwMToER
Chinese consumers are about to return from the Chinese New Year season. That's bad news for the economy. https://t.co/iX8rX0eGwR
Why the Year of the Dragon doesn't bode well for China’s declining population https://t.co/H6iKdfnXPv
Chinese Economy Limping into the Year of the Dragon https://t.co/aMiCcefWuy via .@Mutnodjmet
The local debt crisis and a cooling property market are a drag on growth in the Dragon year, at a time when China’s external environment is becoming less friendly. @hzsong provides sobering insight on what to expect in the first half of 2024: https://t.co/dYZu3V7BoQ
Doing tourism is now bad. https://t.co/oyOZk48JgF