China’s inaction is deepening the risk for already struggling property market stocks.
Beijing’s reluctance to unleash sweeping stimulus has deepened the pessimism about the sector.
Last week, a gauge of developers’ shares notched its biggest weekly drop in four months.
That came after a key meeting on tuesday failed to yield any concrete measures to revive the industry.
The rationale for stimulus in the short term is undermined by better-than-expected economic growth figures.
But expectations are for property sales to remain weak in the september quarter.
#china #gauge #businessnews
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