Economy / FinanceAsia

China Tries to Prop up Housing Market again but Doesn’t Go Far Enough


China Tries Again to Prop Up Its Housing Market. It Doesn’t Go Far Enough. Investors and homeowners are wondering if China’s policymakers will yet again fail to stabilize their economy and property market with insufficient stimulus measures or if the latest packages will finally help the country turn a corner. Suffering badly are consumer sentiment and real estate, two areas entwined because housing prices have tumbled since 2021—including 10% since the start of the year—yet property is where most Chinese put their investments and savings, so the slump is causing a freeze on spending. New home prices in April fell…

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