China’s real estate sector needs more powerful policies; stimulus expected in July – expert
STOCKS
China’s real estate sector needs more powerful policies; stimulus expected in July – expert
STOCKS

China’s real estate sector needs more powerful policies; stimulus expected in July – expert

 

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The latest data released by the National Bureau of Statistics showed that property developers are facing great pressure from both investment and the sales fronts, said Yan Yuejin, research director of the E-House Research Institute. 

There is an urgent need for more powerful and more easily absorbable measures that take effects quickly, he said. 

Given the current economic and property market situation, the real estate sector has to be kept stable and local governments should step up the efforts to introduce more substantial easing policies, he said.

Real estate investment and financing can’t be recovered unless home demand is activated and more powerful stimulus policies may be introduced around July, he said.