China rolls out property policies to boost demand, fix real estate crisis

A flurry of Chinese cities are rolling out measures to boost housing demand, signaling the government’s intention to arrest a property crisis. 
 

Various local governments have issued at least 70 property easing measures since President Xi Jinping’s Politburo called for efforts from local governments to defuse the property crisis. Among them include a cut to the minimum down payment ratio, and asking parents to help children with home purchases by drawing on their own housing provident funds.

China’s $2.4 trillion new-home market has shown little sign of recovery, adding to the woes of an economy that barely expanded in the