Goldman Sachs Group believes that China's zero tolerance of the epidemic will curb the benefits that the real estate market development measures are expected to bring recently.
According to Bloomberg, Goldman Sachs chief Chinese economist Shanhui Shanhui on Wednesday (November 23) said in an interview: "Due to the dynamic zero policy, these real estate loose measures may not be converted into real estate into real estate.The recovery of the department. "
She said that the epidemic prevention strategy" is a major obstacle facing the real estate industry, the labor market, and the economy. "
China has recently introduced a series of measures.Help the real estate industry get rid of the worst downturn in modern history.Following the 16 rescue plans for real estate developers earlier this month, the financial regulatory agency subsequently asked commercial banks to stabilize real estate development loans.
Economists believe that these measures may change the rules of the real estate market game, but the recovery of sales and investment may be slower.
Shanhui said that in terms of epidemic prevention policy, Goldman Sachs expects that China will be reopened in the first half of 2023.She said that this may be a "difficult and chaotic" process, which takes several months.The definition of Goldman Sachs's re -open is that even if new infection cases have surged, the government will no longer take closed control measures.
Shanhui said that once China achieves collective immunity to the epidemic through a large -scale infection, consumption may rebound sharply in the second half of the year, and the activities of the real estate industry will also benefit from the relaxation of epidemic prevention measures.
