Fitch: China Property Slump Persists; Some Signs of Bottom

April 23, 2015 7:34 AM

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(The following statement was released by the rating agency) Link to Fitch Ratings' Report: China Property Monthly Watch - April 2015 here SHANGHAI, April 23 (Fitch) Fitch Ratings says in its China Property Monthly Watch that China's housing market continued to decline in March 2015, although there were signs the slide is bottoming out.

Chinese homebuilders have conserved liquidity by reducing construction of new homes and acquisition of new sites. Total offshore bond issuance fell in 1Q15 from a year earlier, although US dollar bond issuance rose in March 2015. The full report "China Property Monthly Watch - April 2015" is availab...

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