Still-Unrivaled Position: Economy and Property

still-unrivaled position: Property investment seems to have lost its luster in the world's second-largest economy, where real estate has long been considered one of the best investment options, according to Global Times China. This has stirred up concerns over whether the housing market, one of the pillar sectors of the economy, will languish to an extent that will put economic growth at risk. Behind the confident hopefulness is the still-unrivaled position of homes in Chinese families' asset portfolios, the nation's push for more balanced regional development, and a switch to an internet-centric mindset among property developers and realtors that would inject more rationality into property transactions. The simmering trade woes that weigh on the economy have apparently fanned such concerns. In a sign of a cooling property market, many listed developers have lately disclosed thinner profit margins for the first half of the year. A CNBC article published in August 2018 even said that the property market - not the trade war - might be China's biggest risk over the next 12 months, citing Larry Hu, head of Greater China economics at Macquarie Group. (news.financializer.com). As reported in the news.