Making Sense of China's Property Sector

The video discusses the current state of China's property market, highlighting potential government interventions and the challenges faced. It explores the short-term difficulties due to low confidence and the potential for improvement next year. In the long term, a gradual recovery is expected, with housing demand declining by 3% annually. The discussion emphasizes the importance of urbanization and the need for strategic planning to support the market.

According to the speaker, what is the long-term trend for housing demand in China?

What does the speaker suggest about the recovery of the property market in China?