The dust is far from settled in China’s property sector, after the collapse of property giant Evergrande last year. In the latest turn of events, large numbers of homebuyers in China are withholding mortgage payments for homes that property developers have yet to complete. With China’s economy seeing a marked slowdown stemming from Beijing’s Zero-Covid policy amid an ongoing outbreak of cases, what are the implications of a property sector meltdown, which makes up some 25% of China’s GDP? Economist Gary Ng breaks down the issue.



Image Credit: Fabio Nodari / Shutterstock.com

The dust is far from settled in China’s property sector, after the collapse of property giant Evergrande last year. In the latest turn of events, large numbers of homebuyers in China are withholding mortgage payments for homes that property developers have yet to complete. With China’s economy seeing a marked slowdown stemming from Beijing’s Zero-Covid policy amid an ongoing outbreak of cases, what are the implications of a property sector meltdown, which makes up some 25% of China’s GDP? Economist Gary Ng breaks down the issue.Image Credit:&nbsp;Fabio Nodari / <a target="_blank" rel="noopener noreferrer nofollow" href="http://Shutterstock.com">Shutterstock.com</a>

Opinion and analysis of today’s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

Opinion and analysis of today&rsquo;s international and local news that matter to Malaysians. Everything you need to know to start and plan your work.

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