Expect Selective Policy Support for China Developers: Li

The video discusses the outlook for developers in China, highlighting a stable sector outlook due to government support and a gradual recovery in sales. However, financially weaker developers may struggle despite policy measures, leading to more consolidations. The future landscape may see successful developers in Tier 1 cities, while local governments face challenges due to declining revenues and rising refinancing risks. The video also addresses the issues with local government financing vehicles and the potential impact on infrastructure investment.

What role do local governments play in supporting infrastructure and investment amidst financial challenges?

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In what ways are local governments' financing vehicles expected to face rising risks?

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