The Impact of LGFVs on the Property Market

LGFVs have a central road in providing key public services like mass transit systems, and they also fund public projects investments. We'd think that LGFVs have a higher likelihood of support from the governments compared with the property sector. Lillian: What if growth continues to be slower than expected in China? What could that mean for other emerging markets? Well, this is a possibility that could materialize as economic data remains soft with China's GDP growth in Q2 falling short expectations. And those PMIs are declining and inflation rates again surprising on downside.