THE BRIEF: What's behind high household net deposits, Consumer confidence, Business conditions, PBOC urban depositor survey
Trying to make sense of things
2022 was an awful year for property developers in China. With covid lockdowns in the spring and fall, years worth of credit tightening to the industry and policies to limit real estate speculation finally came to a head. The second order consequences were a major drop in Local Government funding (previously covered here and here). Add on the testing req…
Keep reading with a 7-day free trial
Subscribe to China Charts to keep reading this post and get 7 days of free access to the full post archives.