CX Daily: China Intensifies Efforts to End Property Crisis

Property /

In Depth: China intensifies efforts to end property crisis

China’s property sector has shown little sign of climbing out of its protracted slump despite a series of measures issued over the past year to provide financial support for real estate developers and kick-start demand for new homes.

The continuing malaise led policymakers and regulators to ramp up their efforts in November, with more initiatives to channel funding to cash-strapped property developers with the aim of enabling them to complete existing projects. Their efforts intensified in January this year with further measures from the central bank and the top financial regulator, some in coordination with the housing ministry.