Opinion: Can China’s Latest Policies Turn the Tide on the Housing Slump

Real estate markets in most parts of China have remained sluggish since last year, and a number of leading property developers, such as China Evergrande Group and Sunac China Holdings Ltd., have defaulted on their bonds. Although local governments had already started to introduce support measures, it was only after the July Politburo meeting, where top decision-makers redefined the supply-demand relationship in the housing market, that measures to prop up the sector sprouted like mushrooms after it rains.