Posted 11/17/2023, 4:31:30 AM
Analysts Call for More Policy Support to Revive China's Property Sector
- Direct government interventions like easing developer cash crunch are positive but more policy support needed to revive property sector, say analysts
- Restoring homebuyer confidence is key as government measures so far haven't spurred enough demand
- Analysts expect more fiscal stimulus like urban village rebuilding and monetary easing at year-end policy meeting
- Bailing out Country Garden may instill some confidence but broader policies needed to fix macro environment
- Additional monetary easing required to facilitate expected rise in bond issuance and lift growth sentiment