China's property market edges toward an inflection point [MSNBC.com]
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Source: MSNBC.com
Urban buildings in Huai'an city, Jiangsu province, China, on March 18, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — "After four or five years of a downward cycle, we have begun to see some relatively positive signals," John Lam, head of Asia-Pacific property and Greater China property research at UBS Investment Bank, told reporters Wednesday. That's according to a CNBC translation of his Mandarin-language remarks."Of course these signals aren't nationwide, and may be local," Lam said. "But compared to the past, it should be more positive."One indicator is improving sales in China's largest cities.Existing home sales in five major Chinese cities have climbed by more than 30% from a year ago on a weekly basis as of Wednesda
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