Major Chinese Cities Lift Property Restrictions to Revive Sluggish Housing Market

Jinan and Qingdao, two major eastern Chinese cities, lifted all curbs on home purchases and selling.
The moves join several other cities dropping restrictions to attract buyers and revive the property market.
Smaller Chinese cities with larger property market shares in local economies began removing curbs earlier.
Lifting curbs is part of broader support for the sluggish property sector, including mortgage rate cuts.
China's property sector has struggled since 2021 rules to limit developer debt.

reuters.com

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