Nomura's Chief Economist Stresses Importance of Positive Housing Market Outlook for China's Growth

Wednesday, 10 April 2024, 00:05

Richard Koo, Chief Economist at Nomura, emphasizes the critical need for China to reshape the public perception towards rising house prices to stimulate economic growth. Koo suggests that instilling confidence in the housing market's upward trajectory is essential for driving the nation's economic performance.
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Nomura's Chief Economist Stresses Importance of Positive Housing Market Outlook for China's Growth

Nomura's Koo Urges Positive Shift in China's Housing Market Sentiment

Richard Koo, Chief Economist at Nomura, emphasized the imperative need for China to alter public perception regarding the future growth trajectory of house prices. Koo stated that instilling confidence in the housing market's potential uptrend is crucial for boosting economic growth.

The Role of Narrative in Economic Growth

According to Koo, reshaping the narrative to signal expectations of rising house prices is vital for stimulating economic performance in China. Convincing the public about the positive outlook for the housing market is key to driving growth in the country.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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