Oct
25
China’s Bid to Prop Up Property Investment Challenged Amid Glut
ByPhotographer: Zhang Peng/LightRocket via Getty Images
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More loosening needed to bolster sales, reduce inventories
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Home ownerhsip “very high” at current level of development
China’s moves to ease mortgage restrictions and cut interest rates are bearing fruit in the nation’s smaller cities, where home prices have staged a recovery. Now comes the bigger challenge: Clearing a supply glut to spur investment by developers.
China’s Bid to Prop Up Property Investment Challenged Amid Glut