Caixin
Nov 28, 2022 08:55 AM
ECONOMY

Cover Story: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1)

China is poised to roll out more policies to assist developers in an increasingly desperate attempt to arrest a protracted downturn of the multi-trillion-dollar property sector, a key pillar of the world’s second largest economy, Caixin has learned from sources close to policymakers.

However, reversing the downturn, that has seen housing sales plunge 28.4% in the first 10 months of this year, will not be easy and depending solely on financial tools may not be enough, as the industry is undergoing fundamental change, analysts said.

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