PBOC Vows to Satisfy People’s Housing Needs As Downturn Drags On
This article is for subscribers only.
The People’s Bank of China vowed to cater to the nation’s need for quality housing, in a signal of support for the troubled property sector that has dragged on the economy.
The central bank called for “fully recognizing the latest changes in the property market’s supply and demand relationship” in a statement Friday, after a quarterly meeting of its monetary policy committee. The readout didn’t elaborate on specific measures.