2min chapter

Pekingology cover image

Interpreting the Recent Central Financial and Economic Affairs Commission Meeting

Pekingology

CHAPTER

The Chinese Property Market Takes a Big Step Back

In the most recent data, we started to see a step back. We saw sales contract in April in most cities. The animal spirits, the people's feelings towards the property market are still very fragile. If you ask anybody on the Politburo Standing Committee at five years' time, should property be 40% of GDP, they'd all say no.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode