China’s National Day holiday: property market sluggish, sales plunge year-on-year
Recently, the Chinese Communist Party has introduced stimulating policies to boost the property market. For example, 28 cities in China have successively introduced the policy of "recognizing houses but not repaying loans" since the end of August. However, statistics show that during the so-called "Golden Week", the housing transaction area and volume in 35 representative cities dropped significantly compared with the same period last year.
Recently, the Chinese Communist Party has introduced stimulating policies to boost the property market. For example, 28 cities in China have successively introduced the policy of "recognizing houses but not repaying loans" since the end of August. However, statistics show that during the so-called "Golden Week", the housing transaction area and volume in 35 representative cities dropped significantly compared with the same period last year.