China property stocks jump after Beijing proposes measures to lift troubled sector

The rally came after China's Ministry of Finance outlined new policy measures focused on stabilizing the beleaguered real estate sector.

Investor confidence in China's real estate market appear to be boosted by the government's promise to support the sector and some loosening of policies. But analysts say China's high-growth property market may be a thing of the past.China property stocks jumped Monday after Beijing layed out more support measures over the weekend to shore up the troubled sector.

This "represents another attempt" by the government to absorb the country's unsold housing inventory, Leonard Law, a senior credit analyst at Lucror Analytics told CNBC, but he suggested that it's unclear if there could be sufficient market incentives for local governments to carry cout these measures.

The property market's drag to GDP growth is likely to remain large into 2025, Goldman Sachs economists said, as "construction activity catches down to leading indicators such as land sales and property starts."that pledged to "halt the real estate market decline and spur a stable recovery," according to CNBC's translation of the meeting's readout.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

China stocks volatile as investors assess Beijing's weekend stimulus pledgesChina’s deflation pressures deepened in September with consumer prices rising at their slowest pace in three months at 0.4% from a year earlier.
Fonte: nbcchicago - 🏆 545. / 51 Consulte Mais informação »