BMI View: Government stimulus appears to have stabilised the Chinese economy over recent quarters. However, structural issues now pose liquidity and credit risks, with a price correction in real estate, or further contractions in domestic demand, potentially leading to economic turmoil. In the commercial real estate sub sector, retail is supported by solid demand during a time of uncertainty. However, growth in rental rates is not as strong as the office and industrial market. By introducing new monetary and fiscal policies, the Chinese government has made sure that a real estate bubble is not created, thus reducing the risk of economic instability.