How China Is Seeking to Revive a $2.4 Trillion Property Market
Residential buildings in Shenzhen, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China is stepping up efforts to salvage the residential property market as consumer and business confidence has been battered by lockdowns.
From urging banks to lend more, to easing mortgage costs, and partially relaxing rules on owning multiple properties, the measures also come in response to a downturn in the property sector that has seen more than a dozen developer defaults and falling home prices.