Figures show that China’s economy had greater stability in May, following the government’s announcement of more stimulus measures, but the housing market is less stable.
Figures show that China’s economy had greater stability in May, following the government’s announcement of more stimulus measures, but the housing market is less stable. Economists are not predicting an major policy changes currently, but with the property market accounting for 15 per cent of China’s output, there will be concerns about any longer term slowdown of that sector. Factory output and retail both grew but investment was slower and analysts say the worst may be to come. Read the full story.
