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10 Feb
15:29

Chinese infrastructure investment to offset property decline: Fitch

Chinese infrastructure investment growth will more than offset the slowdown seen in the property sector in 2022, with first-quarter steel demand expected to be higher on-year, says Fitch Ratings senior director APAC corporate ratings Laura Zhai. Fixed asset investment growth in 2022 will be driven by infrastructure and manufacturing. Property sales are forecast to decline by 15% on-year. Even if they decline by a worst-case scenario 30%, this would result in a dow…
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