Property financing slows, pig stock steadies, FDI stalls

There are no signs that policy tightening on the property sector is abating, with data published this week showing a further rise in mortgage rates and a continued slowdown in lending to the sector. On a more positive note, after being ravaged by African Swine Fever, pig numbers appear to be stabilising. But much of the damage has already been done, with pork price inflation still set to double in the coming months and weigh on consumption. Meanwhile, the trade war looks to be taking its toll on FDI which has stagnated recently, slowing the transfer of technology and knowledge from the rest of the world into China.