China Beige Book: Property Market Deteriorating Further

The video discusses the current challenges in China's property sector, highlighting declining sales and prices. It examines the potential impact of the Golden Week holidays on consumer spending and market expectations. Despite cheap borrowing costs, business confidence remains low, limiting the effectiveness of monetary policy. The video also explores the recovery prospects in manufacturing and property sectors, noting ongoing challenges and the need for improved consumption.

What challenges are businesses facing in terms of borrowing and confidence?

What are the expectations for recovery in the manufacturing and property sectors?