From CNBC: 2024-04-03 20:02:19

High-rise buildings in Qingdao, China are illuminated as real estate troubles persist. KKR report highlights the need to address industry problems for GDP growth. Real estate sector slump continues after Beijing crackdown. KKR expects modest GDP growth slowdown, real estate to have less impact in 2025. Consumer spending on upgrade highlighted in China’s outlook. Retail sales beat expectations in early 2024. Historic policy changes could make China more investor-friendly.

Read more: KKR says China’s real estate correction may only be halfway done