China's property market has 'not found a bottom' yet, Standard Chartered CEO Bill Winters says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
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Source: CNBC
China's Property Market Challenges: Standard Chartered CEO Bill Winters highlighted that China's property market has not yet bottomed out, leading to low consumer and international investor confidence, which could potentially trigger a financial crisis if the situation worsens.
Economic Growth and Stimulus Measures: Despite a slight GDP growth of 4.7% in Q2 2023, Bank of America has lowered its growth forecasts for China, while Beijing is implementing small stimulus measures rather than large-scale programs to avoid increasing debt levels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
