Chinese Housing Market Key to Tipping Point

China’s economy is at a “tipping point” and the property sector will determine how it lands, Credit Agricole warns.

“We are at a tipping point: either prices, sales and investment in real estate gradually recover as a result of the recent easing of administrative curbs, in which case the economy will rebound in the second half, or the real estate downturn will continue, causing a further slowdown in overall growth and threatening a crisis,” Dariusz Kowalczyk, senior economist/strategist, Asia ex-Japan wrote in a report.

A housing market downturn would have widespread consequences because the real estate sector accounts for over 15 percent of China’s economic output and supports some 40 other industries.

via CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza