The persistent deterioration in the housing sector has “breached policymakers’ pain threshold, pushing them to step up housing easing and shift the strategic focus towards digesting existing inventory,” Goldman Sachs noted in a report on May 18. Prices for new homes in 70 cities last month fell at their sharpest pace in both monthly and
China on Friday unveiled an unprecedented package of measures to encourage homebuyers to enter markets, after property sales and investment fell in the first four months of this year. The People’s Bank of China (PBoC) said it will establish a nationwide program to unleash 300 billion yuan (US$41.5 billion) in cheap funding to help state-owned-enterprises
Chinese workers stand in front of the Eiffel tower replica at Tiandu Cheng, a Parisian-themed … [+] resident development. (Photo by Jackson Lowen/Construction Photography/Avalon/Getty Images) Getty Images Not many days ago, rumors surfaced about Beijing’s grand plans to take over huge swatches of China’s residential property market. If Beijing were to go this route, it