S&P is already predicting China's property slump will be worse than it expected this year
Teona Gherasim
BEIJING — S&P Global Ratings has lowered its forecast for China property sales this year, barely two months into 2026. The firm said Sunday that primary real estate sales will likely drop by 10% to 14% this year, worse than the 5% to 8% decline for 2026 sales predicted back in October. "This is a downturn so entrenched that only the government has capacity to absorb the excess inventory," the analysts said in a note. They added that the state could buy more unsold property to create affordable
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