Here’s Everything China Is Doing to Save Its Property Market
Views: 1514
2023-09-01 10:56
China unleashed a slew of measures to halt a slide in the country’s residential property and shore up

China unleashed a slew of measures to halt a slide in the country’s residential property and shore up its ailing economy.

Beijing’s 5% growth target is at risk, while the real estate slump has increased dangers to the nation’s financial system. Sales by the country’s largest developers fell 34% in August from a year earlier, and Country Garden Holdings Co. — once the nation’s largest by sales — is on the brink of default.

The policies have drawn mixed reactions on whether they will be sufficient enough to instill confidence in the economy and spur growth.

Here’s a look at all the measures China has announced:

Tags rel reltop alltop china world wwtop wwtopas cos wwtopeu business top fin wwtopam industries asia