China’s Policy Meeting on Property Raises Hope of Aid for Sector
- State Council refers to plans for supportive policies
- Real estate sector in the country continues to struggle
Buildings under construction at a project in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s Premier Li Qiang called for further optimization of property policies to stimulate demand, in a sign that more support may be on the way for the troubled sector.
“Systematic planning of relevant supportive policies” is needed to drive potential home-buying demand and promote healthy development of the housing market, a meeting of China’s State Council chaired by Li said on Friday, according to a readout from the official Xinhua News Agency.