China Adjusts Covid, Property Policies as Growth Seen Slowing
- Demand likely weakened and property slump continued in October
- Data to come after China rolled out property, Covid shifts
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China made fresh attempts to boost its ailing economy ahead of data this week that will likely show growth momentum is slowing because of Covid outbreaks and a property market slump.
The government laid out plans to financial institutions on Friday to rescue the property sector, while also issuing a sweeping set of measures recalibrating the Covid Zero strategy that has driven the country’s response to the pandemic. Key data Tuesday are expected to show a slowdown in industrial output, investment and retail sales.