Chinese Urban Housing Demand Suppressed

This is a news story, published by CNBC, that relates primarily to Goldman Sachs news.

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urban housing demand

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New home demand

CNBC

•

Business

Business & Economics

China's property sector has been in an extended slump. Shrinking population is making it worse

Summary

Nutrition label

87% Informative

New home demand in Chinese urban cities will remain suppressed at below 5 million units per year.

Shrinking population will cripple home demand by 0.5 million units every year in 2020s , Goldman Sachs estimates.

Nearly 36,000 kindergartens across the country closed down over the past two years , with the number of students in preschools falling by over 10 million .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful