China’s New Policy Boosts Consumer Spending and Market Stability
China’s new consumption support plan aims to stabilize the stock and real estate markets by boosting consumer confidence and household incomes.
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China’s new consumption support plan aims to stabilize the stock and real estate markets by boosting consumer confidence and household incomes.
NBS data shows home prices in major Chinese cities remained stable in February, with first-tier new builds rising 0.1%.
Chinese Premier Li Qiang unveils strategies to stabilize the real estate market, defuse local government risks, and transform financial institutions, aiming for balanced development and enhanced security.
The Chinese mainland introduces robust macro regulations to boost economic recovery in 2024, focusing on stabilizing the real estate market and enhancing demand.
Home prices in the Chinese mainland’s first-tier cities rose by 0.1% in January, indicating a stabilization in the housing market. Second-tier cities also saw growth in new homes.
China’s Ministry pledges to stabilize the real estate market in 2025 through policy measures supporting homebuyers and improving housing conditions.
Beijing and Shanghai authorities have cut taxes on larger house transactions to stimulate the real estate market, aiming to boost sales and provide more options for homebuyers.
Major banks in the Chinese mainland have reduced existing mortgage rates by an average of 50 basis points, following the central bank’s rate cut to support the real estate sector.
China’s real estate sector is booming with new policies boosting major cities. CGTN’s Zheng Songwu explores the impact in Chengdu.
China’s GDP grows 4.8% in 2024, with real estate investors optimistic as new stimulus packages roll out.