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DeepNewz, mobile.
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China is implementing innovative measures to reduce housing inventories, including cutting down payment ratios and mortgage rates in various cities. The government is promoting trade-in deals for old homes and buying empty apartments for affordable housing. Market insiders anticipate more cities to announce similar measures to stabilize the real estate sector.
How is the Chinese state trying to calm the property market? Officials appear willing to spend public money on private capitalists https://t.co/w6e5aBJxuk 👇
Sentiment in China's property market has rallied swiftly as the government's strong policy support boosts market expectations for the gradual stabilization of the real estate sector https://t.co/hzOYqiGmT7 https://t.co/bnS1qJOHIB
Explainer: China's latest property market support package - its contents and what's at stake - Reuters https://t.co/WveRkZ7QVY
