China's property market shows early signs of recovery after slump

China’s property market is showing some early signs of a stabilization this year after the government increased support for cash-strapped developers and loosened home purchase restrictions to counter a slump.
 

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose in February for the first time since late 2021, data released this week by the National Bureau of Statistics showed.

The improvement suggests government measures to rescue the real