China’s new housing stimmies a bad joke
The headline number of Chinese property sales remains awful. Stimmies to the rescue! MS. China launched a RMB15tn five-year urban-renewal programme covering 115,000 ageing communities and c.500,000 dilapidated homes, while cities increased smaller land supply. Beijing cut non-local buyers’ social-security requirement within the Fifth Ring Road to one year and raised the maximum provident-fund…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
