Resilience shown since start of Middle East war likely to continue amid haven demand, according to fund managers and investment banks
“The return of mild inflation is good news for Chinese corporate revenue and profit,” said Chi Lo, a strategist at BNP Paribas Asset. “It is likely that the worst of China’s property market woes has passed. It will become a smaller drag on growth going forward.”
The stabilisation in property prices in the first quarter – despite a lack of meaningful stimulus measures – showed that the four-year property downturn could have run its course, Lo said, contrasting the situation from a short-lived rebound at the same time last year after a strong stimulus package unveiled in September 2024.
Source: News - South China Morning Post
