China's top decision-making body, the Politburo, has pledged efforts to support the ailing property market and hinted at new measures to address the ongoing crisis. Major property developers in China saw a significant decline in sales, with a 44.9% drop in contract sales in April compared to the previous year. Despite challenges, President Xi Jinping has been cautious about boosting domestic consumption in an economy reliant on state-led investment. The government aims to roll out policies to boost economic recovery amid concerns over the country's economic prospects.
#China's #Politburo sent positive signals for #RealEstate market, authorities’ stance becomes more supportive – research https://t.co/LkHf7zl7uF https://t.co/2n4ap0eKb6
New #home prices in #China’s major cities rose in Apr, 2nd-hand home prices fell for 24th straight month https://t.co/EfbaRD2kmH https://t.co/7upHTcJ2zv
#China’s #housing market remained weak in Apr, major property developers’ sales tumbled 45% on year https://t.co/NjstM4CB2w
China warned of rising uncertainty and signaled a new campaign to revive the country's flagging economy. https://t.co/QUXPxpX1us https://t.co/QUXPxpX1us
#Chinese #property developers' sales remained very weak in April https://t.co/haGgRmRhhd https://t.co/a3nTfslM73
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the very top of China’s government over the prospects for the world’s second-largest economy https://t.co/dwPD3KNJfs
China vows to roll out policies to boost economic recovery. (We've been hearing this for 1.5 years)
CHINA VOWS TO ROLL OUT POLICIES TO BOOST ECONOMIC RECOVERY.
April new-home sales in #China's top 100 #property developers slumped by 44.9% y/y or 12.9% m/m, CRIC data showed. The monthly performance scale of the real estate industry continues to maintain at a historically low level. In the 30 key cities, the transaction volumes also fell… https://t.co/UYY7CZUcxy
Despite pressure to find a new growth model, China's President Xi Jinping has been reluctant to boost domestic consumption in an economy addicted to state-led investment https://t.co/ubagtYSqmL https://t.co/eagVV7P5cG
China’s Politburo: "The economy still faces many challenges as it continues to rebound, mainly due to insufficient effective demand ." https://t.co/rQjHusGI0q via @ft
🇨🇳 #China’s Leaders Hint at New Plan to Fix Biggest Drag on Economy – Bloomberg https://t.co/BhOM0878rp https://t.co/RoBuVDBXZg
🇨🇳 #China’s top 100 developers saw their combined contract sales down 44.9% on year to 312.17b yuan in April, according to data released by China Real Estate Information Corp. *Link (Chinese): https://t.co/LzbGoDJDMd https://t.co/dXJLLJBQGh
🇨🇳 #China Home Sales Keep Falling as Top Officials Pledge Support – Bloomberg https://t.co/w1I6nd12oB https://t.co/opiusUtslX
"House Destocking": China Politburo Hints New PLan To Fix BIggest Drag On The Economy https://t.co/89zVmFh5cs
China’s Politburo, the country’s top decision-making body, pledged efforts to support the ailing property market and hinted at new measures to tackle the protracted crisis at its monthly meeting Tuesday https://t.co/7keMGhbhTF
China warned of rising uncertainty and signaled a new campaign to revive the country's flagging economy https://t.co/mfgGd5ajJp https://t.co/mfgGd5ajJp