With property sales falling faster in October and investment in real estate plummeting, analysts fear that the permeating risks of the real estate crisis will spread to other sectors of China’s economy. Despite Beijing’s recent actions and measures, analysts believe the spillover effects will persist in the “foreseeable future.” “The prolonged property market downturn is resulting in adverse spillover effects to other nonfinancial corporate sectors through direct and indirect channels, [while] most sectors will face [the] effects for foreseeable future,” said Moody’s in a client note viewed by The Epoch Times on Nov. 14. The first round will be the direct impact, mainly through decreased economic activity, including the property-related supply chain. The indirect effect will follow as “a feedback loop of a weakened macroeconomic environment and weaker consumer, and investment sentiment that also leads to lower borrowing propensity and risk aversion,” the note said....Read more https://www.theepochtimes.com/china/chinas-property-slump-to-ripple-through-other-sectors-long-term-analysts-5530824