China’s Property Slump to Ripple Through Other Sectors Long Term: Analysts

A worker watches as he prepares to cross a street outside a construction site in Beijing on April 26, 2022. Wang Zhao/AFP via Getty Images

With property sales falling faster in October and investment in real estate plummeting, analysts fear that the permeating risks of the real estate crisis will spread to other sectors of China’s economy.

Despite Beijing’s recent actions and measures, analysts believe the spillover effects will persist in the “foreseeable future.”