By allowing local governments and state-owned enterprises to buy unsold land and housing from distressed developers, China is betting a property slump weighing down the economy can be stopped once and for all.
PROPERTY
China’s property support measures disappoint, developers’ shares falter
Shares of Chinese developers wobbled on Monday as investors fretted that China’s “historic” steps to stabilise its crisis-hit property sector fell short of what is required to foster a sustainable turnaround in demand and confidence.
Metals extend rise amid focus on China property stimulus and Middle East political uncertainty
Asia market update: Metals extend rise amid focus on China property stimulus and Middle East political uncertainty; JP yields continue rise; Quiet week for macro.
China property: Beijing’s stimulus plan needs more time, money and policy support to resolve long-standing housing crisis
After Beijing introduced its most ambitious effort to date to revive the property sector and bolster the country’s economic recovery, analysts and economists find the plan’s scale too small and remain uncertain about its effectiveness.
Charting the Global Economy: US Inflation Eases; Rescue Package for China Property Crisis
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
China unveils ‘historic’ steps to stabilise crisis-hit property sector
China announced “historic” steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy…
Market drivers, GameStop, China’s property push: Catalysts
Markets (^DJI, ^IXIC, ^GSPC) hope to solidify gains seen during this trading week and close above recent milestones: the Dow Jones Industrial Average is in a back-and-fourth bout to stay above 40,000 as the S&P…
China unveils plans to revitalize its property market
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China’s Hang Seng Properties…
China Eases Mortgage Rules in Latest Push to Aid Property Sector
Beijing has eased mortgage rules and urged local governments to buy unsold houses in some of policymakers’ boldest moves yet to revive the property sector.
China induces new measures to fix property crisis, after data shows house prices down nearly 10% this year
Among other things, the central bank said it would reduce the minimum down payment for mortgages and remove the floor on interest rates for first and
China Needs to Make Property ‘Desirable’ Again, BofA Says
BofA Securities strategist Winnie Wu says Beijing needs to make the country’s property sector “desirable again” since people “will not buy a depreciating asset.” She says improving confidence in the …
China’s factories fire up but consumer, property weakness persists
China’s factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure …
China has teased how it might fix its property crisis. Markets are loving it
Chinese stocks surged on Thursday after officials in a major city announced plans to buy unsold homes in what some analysts believe could be a trial run for a much bigger solution to the country’s…