China Goes All Out to Rescue Its Ailing Property Sector
- Authorities rolling out a comprehensive package in past weeks
- Latest efforts included a plan to ease lending restrictions
Authorities are also looking at extending lower mortgage rates to fuel home purchases and capping commissions for real estate agents.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is pushing hard to prop up its embattled property market to help reignite growth in the world’s second-largest economy that has been crippled by years of Covid restrictions.
The start of the year has opened with a barrage of measures, including a plan to ease restrictions on borrowing by developers and addressing the risk of “capital chain breaks” in the sector. Authorities are also looking at extending lower mortgage rates to fuel home purchases and capping commissions for real estate agents.