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China unveils steps to stabilize property sector

China unveils steps to stabilize property sector
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Historic steps unveiled to stabilise crisis-hit China property sector

Local governments can instruct instruct state-owned firms to buy

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China property crisis: China unveils steps to stabilise crisis-hit property sector

China announced significant measures to stabilize the struggling property sector. The measures included allowing local governments to purchase apartments, easing mortgage rules, and committing to finishing incomplete homes. These efforts aim to address declining demand, falling prices, and a surplus of unsold properties, with the hope of reviving a sector that once contributed significantly to the economy.

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China unveils historic steps to stabilise crisis-hit property sector

China unveils historic steps to stabilise crisis-hit property sector
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China unveils historic steps to stabilise crisis-hit real estate sector

China unveils historic steps to stabilise crisis-hit real estate sector
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