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China s Stimulus Announcement Missing a Key Phrase on RE Crackdown

President Xi Jinping famously said "Houses are for living in and not for speculation" in October 2017, which kicked off measures to cool a red-hot property market.

Bo zhuangLina bataragsLoomis sayle zhuangLoomis saylesSpain caixa bankTerms of serviceWall streetSilicon valleyChinese president xi jinpingU turns chinaCaixa bankLoomis sayle

The most interesting part of China s stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector

President Xi Jinping famously said "Houses are for living in and not for speculation" in October 2017, which kicked off measures to cool a red-hot property market.

Bo zhuangLoomis sayle zhuangLoomis saylesLina bataragsSpain caixa bankChinese president xi jinpingU turns chinaCaixa bankLoomis sayleProperty developersProperty sectorProperty marketOfficial statementPrivate sector

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