JPMorgan Economist Predicts Prolonged Slump In China’s Housing Market Despite Stimulus Efforts

China’s housing market downturn is expected to continue as recent government interventions have failed to adequately stabilize the sector, according to a JPMorgan economist. Haibin Zhu, JPMorgan’s chief China economist, stated on CNBC’s “Squawk Box Asia” that the housing market crash “is still not over yet,” and projected that home prices may not see a … Continue reading JPMorgan Economist Predicts Prolonged Slump In China’s Housing Market Despite Stimulus Efforts