China’s Housing Market Set to Slow as Beijing Talks Tough: Reuters Poll

China’s Housing Market Set to Slow as Beijing Talks Tough: Reuters Poll
Workers are seen on scaffolding at a construction site in Nantong, Jiangsu Province, China on Jan. 1, 2019. Reuters
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BEIJING—China’s housing market is expected to slow this year with sales forecast to drop, as Beijing steps up efforts to scrutinize banks and provincial governments to keep a lid on lending and prices, a Reuters poll showed.

China’s property market has provided some cushion for the world’s second-largest economy as policymakers try to revive the ailing manufacturing sector and restore flagging consumer confidence amid an escalating trade war with the United States.