Major structural changes coming in China

Jing Ulrich is someone who knows the future when it comes to
regulatory changes in China.

From Bloomberg….

The People’s Bank of China may cut reserve ratio levels for
major banks on three more occasions this year after reductions
in December and February, Ulrich said. Property prices and real
estate transaction volumes will begin to improve in the second
half of the year, she said.

China is keeping in place measures aimed at reining in property
prices as the government targets slower economic growth and
attempts to replace exports with domestic demand as the main
driver of expansion. Premier Wen Jiabao in his report to the
National People’s Congress this week said that regulation of the
real estate market is at a “crucial stage.”

Ulrich said she is cautiously optimistic about the outlook for the
country’s property market. High inventories may put pressure on
cement and steel companies and she is concerned about construction
stocks, she said.

ulrich-sees-more-easing-tax-reform-from-china.html

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