Is planning to buy some of those apartments, relax the rules on Mortgage Borrowing and step in to put the finishing touches on unfinished units. Separately, one of those big developers, Country Garden holdings, was today given another four weeks by the high court in hong kong to sort out its 190 billion of debts before hearing a petition from debtors to wind the company up. Duncan wrigley, Chief China Economist at Pantheon Macroeconomics joins us. What do you make of what weve heard today . Is it enough to contain the chinese Property Crisis . Yes, i think what weve heard today is from various officials, its helpful, but its probably not a panacea. So, you are right, there are moves to boost Housing Demand through easing mortgage terms, allowing people to borrow more, lowering Interest Rates and that should boost Housing Demand but a lot of that will go into the second hand Housing Market where there is a big overhang. The second big policy is allowing governments, especially local gov