China Considers More Property Market Support, Vice Premier Says

China is considering new measures to help the country’s debt-laden real estate industry to improve its balance sheets, Vice Premier Liu He said Thursday in the latest high-profile comment on efforts to resolve the property crisis.

China has rolled out sweeping measures to arrest a protracted downturn in the multitrillion-dollar property sector in recent months, but a recovery is still far from sight. The housing market slump persisted in November as prices and sales fell in major cities, National Bureau of Statistics figures showed Thursday.