The property crisis in China has raised concerns about financial system contagion, which could destabilize an already weak economy due to weak domestic and foreign demand, falling industry output, and rising unemployment.

Nomura lowered China’s GDP prediction for this year, now expecting 4.6% growth, down from 5.1%. Increasing numbers of economists worry that China may miss its 5% GDP objective this year unless Beijing increases support measures.

The economic and property problems have chilled global markets, with Asian stocks falling for a third week.

China’s securities regulator announced plans to lower trading costs and encourage share buybacks to increase investor confidence.

However, Beijing’s backing has underwhelmed financial markets, with some analysts questioning if authorities are afraid to risk adding to the mountain of debt produced by the stimulus.

Country Garden, China’s largest private developer, warns of a financial shortage after major asset management skipped payback requirements on some investment products.

Longfor Group, China’s second-largest private developer, aims to enhance profitability due to fluctuating supply and demand.