China rolls out 'heavyweight policies' in bid to fix property market malaise

China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments. China Real Estate Newspaper, a publication managed by the housing ministry, said the "heavyweight policies" marked "a significant historic moment" for the sector.

[@user-bo2uu1yp1d]

They, greedily allowed the bubbles to grow knowing the eventual disaster waiting to happen

[@jqwoo]

500K price tag = 100K value + 400k corrupted value = bubbles. Remedy: 1) 500K reduce to lower than 150K 2) continue anti corruption campaign. 3) improve quality not increase quantity.

[@nextlastChang]

China's 🇨🇳 bid to fix its property market malaise is like throwing a cup of water on the forest fire. LOL

[@hangtuah888]

Stupidity is in your DNA.

[@williamzabiski7653]

China should tell those from china to return the money back ro china. This will solve it but will end cheap money for singapore

[@2ry1n]

Are you crazy? Who the hell would give money to the CCP?

[@wangchung7599]

Anti-China stories that the reporters tell themselves every day.

[@chairicky4840]

It’s not drastic move! Just 5% reduced lol

[@familyfamily5541]

It's the end!

[@MrBoliao98]

Look here, they had 10 years to sort out the problem, they had Japan as the guinea pig in the 80s to learn from. Yet, they stumble their way into the property crisis.

[@ArabicReja973]

Chinese property sector, which accounts for 30% of GDP, is crashing. - Exports and imports, accounting for 37% GDP, are down. - Foreign investment (FDI) is falling over 90%, lowest in 3 decades. - Foreign visitors are down 96% compared to the pre-pandemic level in 2019. - Consumer prices are experiencing deflation. - Youth unemployment hits over 21%, a record. - Its fast-shrinking workforce is 10 years older than neighboring countries. *Still, China keeps reporting outrageous GDP numbers.* Lol Where does the growth come from?

[@amiigose]

😂😂😂 lol, it like america economy😂😂

[@hangtuah888]

From the hole in your anatomy, where the sun don't shine. Check it.

[@NewmaticKe]

From infrastructure inputs

[@hangtuah888]

Your backside or your anus.

[@user-bo2uu1yp1d]

Indian detected... Indian go home

[@petewilliam4295]

economist talking malarkey the government purchase represents 2% of the unsold apartments which does sfa aside from exhibiting daft

[@petewilliam4295]

the big yoy drop in sales simply means still a long wait to the bottom rational market behaviour 😂

[@RacingS2000]

When winning is all you do that’s why you need a money printer to win more

[@leewn2319]

China property woes are due to (1) Authorities failure to closely monitor / study, gather statistics of prevailing property market supply & demands needs vs affordable prices and then holistically approve sale of land for property projects & approval of projects for development & construction. They also need to gather information from private developers of forthcoming intended developments general infor of number of units when it intent to launch for sales and likely completion dates. (2) Greed - by private developers to make quick profit regardless of market sustainability. (3) Greed of speculators hoping to flip and make quick profit. (4) Above are compounded by vast corruption. Hence, the measures to be implemented are short sighted and would not work. Ease of mortgage means may not convert into real sustainable transaction in the long term. The govt to buy over but what’s the final usage? If sell off as subsidies housing the affected development will undermine the private property value. Hence, China needs to think through the process & impact thoroughly.

[@NewmaticKe]

From communists who thought they hacked capitalism

[@user-cl3ke3gy2f]

property boom n bust....there willl b an up-tick of buyers who can pick up flats at 90% discount n buy one get one free....

[@2ry1n]

90% discount, that's extreme deflation.😂