17 October 2024
China’s government has announced plans to increase loans for unfinished residential projects to 4 trillion yuan ($562 billion) by year-end, but this fell short of market expectations. The measure, part of a broader package to support the struggling property sector, failed to impress investors, leading to a decline in property stocks. While officials expressed confidence in stabilizing the real estate market, analysts view the policies as incremental and insufficient to address the sector’s deep-rooted issues.