3 months ago • 3:43 mins
For the past year, China’s economy has been burdened by twin crises – one brought by stringent Covid restrictions and the other by its hugely inflated and debt-laden property sector. But the government’s sweeping new measures on both fronts may soon lift some of the burden and get the world’s second-biggest economy moving again. And that could be good news for your portfolio…
In the past week, the Chinese government has announced new policies aimed at easing the country’s strict Covid quarantine and testing mandates, and at bolstering its property sector.
The 16-point set of measures for the property sector gives financial support and extended loans to deeply indebted housing developers, and lowers the deposits needed for home buyers. The rules aim to improve both
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