世邦魏理仕：2026年中国房地产市场展望报告（英文版）（31页）.pdf

1、Annual ReportCBRE ResearchFebruary 20262026 ChinaReal Estate Market Outlook Intelligent Investment2CBRE RESEARCH 2026 CBRE,INC.2026 China Real Estate Market OutlookUpdate header text ContentsEconomy1Office2Logistics3Retail4Capital Markets501Economy4CBRE RESEARCH 2026 CBRE,INC.2026 China Real Estate

2、Market OutlookUpdate header text All content layouts within the template are references and 6.12.38.63.15.45.05.04.54.220192020202120222023202420252026F2027F01China achieved GDP growth of 5%y-o-y in 2025,demonstrating resilience against external volatility while consistently harnessing new drivers f

3、or economic expansion.In October 2025,the CPC Central Committee of the Chinese Communist Party issued Recommendations of the CPC Central Committee on Formulating the 15th Five-Year Plan for National Economic and Social Development.The document has set the tone for the next five years by prioritising

4、 effective qualitative improvement alongside reasonable quantitative growth.This signifies a strategic shift in Chinas economic trajectory and marks a move away from a focus on scale-driven growth toward high-quality development.This has led CBRE to forecast that Chinas GDP growth rate will settle a

5、t approximately 4.5%in 2026.Chinas export sector demonstrated extraordinary resilience in 2025 amid intensifying international trade friction.Exports in USD grew by 5.5%y-o-y,propelling the countrys trade surplus above the US$1 trillion mark for the first time.The diversification and optimisation of

6、 both market distribution and product structures became more pronounced over the course of the year,with exports to Africa,ASEAN,and the EU rising by 25.8%,13.4%,and 8.4%,respectively.Goods in the high-tech categories including professional equipment,high-end machine tools,and automobilesall recorde