Chinese cities scrambling to relax property curbs after top authority expressed support

THE WIRE - Up-to-the-minute news updates walk you through every trading day!

• More than 80 Chinese cities have relaxed property curbs this year, and in April alone, over 30 cities eased housing policies
• In Labour Day holiday, new home sales in major Chinese cities tumbled 52.3% year over year
• New home prices in China's top 100 cities edged up 0.08% on year in the first four months of the year, the slowest growth for the period in seven years

Chinese local governments are scrambling . . .