China’s Economy to Grow 5.3% This Year as Property Sector Stabilizes, Report Finds
- Second-biggest economy to grow 5.3% in 2024, AMRO estimates
- Real estate sector’s drag on growth may bottom out this year
A gradual property sector recovery in China amid ongoing policy support would boost real estate investment
Photographer: AFP/Getty Images
China’s economy is set to expand 5.3% this year as the property sector stabilizes and external demand improves, according to the ASEAN+3 Macroeconomic Research Office, helping to lift growth in the region.
A gradual property sector recovery in China amid ongoing policy support would boost real estate investment, generating spillovers for the rest of the region, the Singapore-based group said in a report Monday.