BofA flags China housing reforms risk for construction activity
BofA Securities says China’s new housing reforms could weigh on construction activity. The firm notes manufacturing activity improved in August versus July, with a rebound in new orders pointing to a better near-term recovery outlook.
China's new housing reforms could weigh on construction activity, says BofA Securities in a note.
It is encouraging that manufacturing activity improved in August from July, BofA points out. "In particular, the notable rebound in new orders suggests a better near-term recovery outlook, likely led b…