China’s recent property sector policy easing will likely generate demand, but the effect could wane within a few months as economic recovery struggles and homebuyers turn cautious, said Moody’s on Thursday, cutting the second-largest economy’s property sector outlook to negative from stable. “While the government has recently strengthened policy support for the sector, weaker economic growth prospects and concerns over on-time project completion and delivery will continue to weigh on homebuyers’ confidence and demand for the next 6–12 months,” according to the Moody’s report. Consequently, China’s property sector will continue to struggle, given that homebuyers’ lingering concerns have started reflecting renewed weakness in the residential property market....Read more https://www.theepochtimes.com/china/chinas-property-sector-faces-challenges-even-as-state-policies-generate-demand-experts-5491565