China's Economy Is Healing Sooner Than Expected. 2 Stocks to Play the Recovery.
The recent rhetoric regarding China's economy hasn't been optimistic. In fact, it's been downright pessimistic. Following a strong start early in the year, the country's retail spending growth slowed dramatically to only 2.5% in July.
Industrial productivity seems to be slumping as well, at the same time that the nation's real estate prices are falling. Beijing's' official numbers indicate July's prices for new homes were 2.4% below their August 2021 peak, while existing-home prices are down 6% from that high. Unofficial reports say China's real estate prices are actually down much, much more than that. Meanwhile, sales of homes in China are declining as well.
Blame relatively weak sentiment mostly, which is prompting too many of China's consumers and corporations to keep their purse strings tied. American business' confidence in China as a market is also bad. In fact, the American Chamber of Commerce's measure of five-year business opportunities in China recently fell to a record low.
Source Fool.com
