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JPMorgan Chase says China's property market is likely at a turning point.
China's new-home price declines in March were the slowest in about a year, signaling stabilization.
KEY POINTS
- Used home prices rose in 13 mainland cities last month, the most in almost three years.
- Housing affordability in China is now at its best since 2016 based on the price-to-income multiple.
- JPMorgan projects China's reviving property market will drive mainland stock outperformance versus emerging-market peers.
- Mainland equities are also expected to benefit from government measures to improve shareholder returns and curb price wars.
COMPANIES
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