International Critics Merdie has lowered the Chinese real estate industryRating from "stability" to "negative", saying that weak economic growth is affecting the expenditure of home buyers.
According to Agence France -Presse, Moody's Thursday (September 14) stated that it is expected that China's real estate contract sales in the next six to 12 months will drop by about 5%, and the Chinese government recently supported by the Chinese government's policy supportThe impact will be "short -term".
Moody's also said that the credit pressure of Country Garden, one of China's largest real estate developers, also allowed buyers to avoid risks.
Country Garden Credit approved the repayment period of six domestic bonds under the company this week extended for three years. After the news came out, Country Garden Hong Kong stocks rose nearly 10%.
Moody's also said that the economic weak cities are expected to have a biggest decline in real estate sales, "in region with weak economic weakness, most expected sales will decline and the population will continue."
A survey by Bank of America this week also found that China's real estate has surpassed the United States and the European Union and became the primary source of global credit risks in the eyes of investors.
8%of the investors in the interviewed believe that the potential "bubble" of China's real estate is the biggest tail risk. Following closely, the central bank maintains the eagle position and geopolitics deterioration due to high inflation., Credit contraction, etc.
