Reported 8 months ago
China's recent property support measures have led to increased transactions in major cities like Beijing and Shanghai, while smaller localities are still struggling in the real estate market. Despite policies like cutting minimum mortgage rates and downpayments, smaller cities continue to face challenges due to structural oversupply issues. Analysts suggest that more support is needed for smaller city governments to stabilize these markets and reduce inventories, with gradual measures expected instead of immediate solutions.
Source: YAHOO