SHANGHAI (Reuters) - Shares in Chinese toy makers, diaper producers and infant food companies soared for the second day on Tuesday, as investors piled into stocks seen as benefitting from Beijing s new three-child policy. China s announcement on Monday to allow married couples to have up to three children - from the previous limit of two - also sent brokerage analysts scrambling to recommend stocks, despite a widely-shared perception that the policy shift won t have a sudden impact on the country s declining birth rate. Shares in toy maker Goldlok Holdings (Guangdong) Co jumped to their 10% daily limit for the second day, as did shares in Jinfa Labi Maternity & Baby Articles Co. Other baby-related stocks, including milk powder maker Beingmate Co, baby products maker Shanghai Aiyingshi Co and toddler care equipment maker Ningbo David Medical Device Co also soared. An index tracking the so-called third baby concept stocks, newly compiled by Hithink RoyalFlush Information Network Co, rose
Two Sessions 2021: Government Urged to Tackle Housing Crisis
A public rental housing development is under construction in Beijing on Sept. 22. Photo: VCG
Chinese leaders have dwelt on the country’s housing crisis during the ongoing “Two Sessions” annual political meetings in Beijing.
In recent years, many Chinese cities have suffered from high home prices, unaffordable rents, social housing shortages, unscrupulous property agents and monopolistic real estate practices.
The problems are particularly acute for young people. A 2018 survey of more than 2,000 Chinese people aged between 18 and 35
found (link in Chinese) that four-fifths thought making rent was a “great financial burden.”
In his annual government work report last week, Premier Li Keqiang stressed that China must “properly safeguard the masses’ demand for housing,” reiterating that “homes are for living in, not for speculating on.”