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A property expert dishes out tips on how to cope with fixed interest rates set to expire

Chinese policymakers must somehow implement policies to revive interest in marriage and reduce the cost of raising children without crashing the economy. But even if they increase the number of births, they will almost certainly be unable to reverse demographic trends that have taken hold across the globe.

Stuck at home during repeated lockdowns as part of the country’s zero-Covid policy, Chinese households amassed trillions in savings last year. Some are pinning hopes of economic recovery on ‘revenge spending’, but those savings could be a sign of uncertainty rather than pent-up demand.

Optimism is starting to shine through as China pivots away from “zero Covid”, inflation eases and interest rate increases abate. Worrying trends such as ageing populations and high healthcare and energy costs remain, but there is reason to believe this optimism is more than wishful thinking.

Beijing must take ensure it avoids repeating past missteps as it advances new monetary and fiscal policies to stimulate growth and recovery. Otherwise, it risks creating a tech bubble that could hamstring its long-term ability to compete globally.