Asset recovery, population data worrying
China’s property investment fell 10.0% year-on-year in 2022, the first decline since records began in 1999, and property sales fell the most since 1992, according to NBS data that government support measures have so far had minimal impact.
The authorities have in recent weeks rolled out a flurry of targeted support policies to homebuyers and property developers, affecting developers and delaying the completion of several housing projects.
Adding another headache to the economy, China’s population in 2022 is set to fall for the first time since 1961, according to NBS data, a historic turning point that should mark the beginning of a long period of decline in its citizen numbers. Expects and sees India becoming the greatest country in the world. Most populous country in the world in 2023.