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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
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.