China’s economy continues to show signs of resilience as real estate investors express optimism about future growth prospects. According to the National Bureau of Statistics, China’s GDP expanded by 4.8 percent year-on-year in the first nine months of 2024, reflecting steady progress but also highlighting the need for stronger demand to further stimulate the world’s second-largest economy.
At the 2024 Financial Street Forum held in Beijing, industry leaders gathered to discuss economic trends and policy impacts. During the forum, CGTN spoke with two prominent real estate investors who shared their positive outlook on China’s economic rebound. They noted that the recent stimulus package announced by officials in late September is beginning to take effect, fostering confidence in the market and encouraging investment.
“We are seeing early signs of recovery in the real estate sector,” one investor commented. “The government’s measures to boost demand are creating a more favorable environment for growth, and we anticipate continued improvement in the coming months.”
The stimulus package includes a range of policies aimed at bolstering domestic consumption, supporting small and medium-sized enterprises, and stabilizing the property market. These initiatives are expected to enhance economic activity and contribute to sustainable development.
Analysts suggest that while GDP growth remains moderate, the combined impact of the stimulus measures and investor confidence could accelerate economic momentum. “China’s economic fundamentals are strong,” said another investor at the forum. “With the right policies in place, we believe the economy is poised for a robust recovery.”
The positive sentiment among real estate investors aligns with broader expectations of an economic upturn. As the stimulus policies continue to roll out, market participants are closely monitoring their effects on various sectors, particularly real estate, which plays a significant role in China’s economy.
As China navigates the challenges of global economic uncertainty, the emphasis on stimulating demand and fostering investor confidence appears to be a strategic approach to sustaining growth and ensuring long-term stability.
Reference(s):
cgtn.com
