0641 GMT - China's property-sector downturn doesn't have a quick fix, Goldman Sachs economists write in a note. The industry faces structural challenges, and there is limited policy support for housing destocking, they add. The recent property easing measures may help boost sector financing, home completions and sales in some large cities, but lower-tier cities still face strong headwinds due to weaker growth fundamentals, they say. The National Bureau of Statistics' 70-city house price data suggests that the weighted average property price in the primary market rose 0.5% on month in December after seasonal adjustments. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
January 17, 2025 01:41 ET (06:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。