China needs to pull multiple levers for property turnaround, say analysts zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
China s direct
interventions to ease a cash crunch for crisis-hit property
developers are a step in the right direction, but analysts say
these actions must be complemented by stronger fiscal.
HONG KONG/NEW YORK : China's direct interventions to ease a cash crunch for crisis-hit property developers are a step in the right direction, but analysts say these actions must be complemented by stronger fiscal and monetary policies to shore up demand in the sector.The extended slump in property sales,
China Vanke: Hang Seng Mainland Properties Index dropped 2.6% on Tuesday, with Vanke s Hong Kong-listed shares easing more than 1%. That compared to gains of 3.4% and 7.2% respectively on Monday on news of a potential deal to shore up Vanke s finances.