Ex-PBoC official: China’s property downturn may continue for two more years

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Ex-PBoC official: China’s property downturn may continue for two more years

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    USDCNY Chart By TradingView

    The People’s Bank of China’s (PBoC) former director Sheng Songchen said on Saturday at a forum in Shanghai that the property downturn in China may continue for two more years before gaining stability, per Bloomberg.

    At the time of writing, AUD/USD is holding lower ground near 0.6681, losing 0.03% on the day.

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