Stronger stimulus measures are needed to halt the decline in China’s embattled property sector, as Beijing aims to guide the national economy towards a stable and healthy trajectory, according to Citigroup.
An incentive package – including interest rate reductions, tax cuts, further relaxation of home purchase restrictions and the buy-back of idle land – could help revitalise the real estate industry, said Yu Xiangrong, Citi’s chief economist for Greater China, during a media briefing in…
Source : South China Morning Post
Read more…China’s property sector needs stronger stimulus: Citigroup economist















