Property News · July 31, 2019

China’s Politburo for the first time decides against relaxing property curbs to stimulate slowing economy


Chinese developers’ hopes that Beijing would ease property curbs to bolster a slowing economy were dashed as the country’s top decision-making body discussed ways to support domestic demand including boosting consumption and manufacturing investment.The Communist Party’s Politburo, which met on Tuesday to lay out economic policies for the second half, warned against “using property as a tool to stimulate the economy in the short-run”, the first such statement in history.“We should adhere to the…

Source : South China Morning Post
Read more…China’s Politburo for the first time decides against relaxing property curbs to stimulate slowing economy

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