Analysts at Standard Chartered note that China’s property market experienced a recovery in the first half of 2019, but overall sentiment remained subdued.

• “The CDSI, which is based on our semi-annual proprietary China developer survey, rose to 44.7 in July from 39.0 in January, staying in contractionary territory. The forward-looking sub-indices show that while housing developers are making concerted efforts to accelerate construction and increase sales, policies targeting overheating cities and indebted developers are dampening their outlook.”