Economics

Relaxed ‘Hukou’ Rules Spur China Home Rebound Beyond Beijing

  • Buying demand spreads from luxury homes to mid-range projects
  • Second-tier cities like Hangzhou gain on new residence rules
Photographer: Qilai Shen/Bloomberg
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China’s property market is shaking off the coronavirus effects as a gradual economic rebound and the further relaxing of centuries-old permits boost demand beyond the major hubs of Beijing and Shanghai.