Moody’s expects sluggish growth for China’s construction sector
Both residential and commercial building starts are likely to soften during the next 12 to 18 months on the back of the slowing economy, slackening property sales and an increasing number of developed but unsold properties in lower-tier cities. Despite a jump in property sales in the first quarter, high inventories prevented developers from launching new projects.
Moody’s thinks that the government will maintain investments in railways, highways and road expansion this year to boost economic growth and improve inter- and intra-regional connections.
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