Shanghai, China’s biggest city, is imposing a lockdown in two phases in an effort to minimise economic disruption.
Michele Koh Morollo
Beijing’s strict pandemic policies add to supply chain and inflation risks amid economic fallout of war in Ukraine.
Chinese economy expands 8.1 percent for the whole of 2021 amid weakest Q4 growth in more than a year.
Developer has seen share price plunge more than 50 percent since November amid liquidity, transparency concerns.
Beijing’s crackdown on real estate, tech and education has shown it dictates the terms to private businesses.
Analysts see China’s real estate market entering a period of stress with Beijing moving to contain fallout.
Authorities are loosening lending and home approvals even as Beijing pushes to reduce economy’s reliance on property.
Reductions in tariffs possible down the line, but no return to pre-Trump status quo, analysts say.