: China’s real estate investment fell at the fastest pace in 32 months in October, as strict Covid-19 restrictions and property woes weighed, but an aggressive plan to restore liquidity in the sector boosted the outlook.
China’s property sector, once a pillar of growth, has faced multiple headwinds since regulators sought to curb excessive borrowing from mid-2020. The clampdown has triggered falls in property sales, bond defaults and the suspension of housing construction, angering homeowners which have threatened to stop mortgage payments.
Funds raised by developers fell 26% from a year earlier in October, after a 21.3% slump in the previous month. But Chinese regulators have outlined multiple financing measures for the cash-strapped industry, sources said, sending property stocks and bonds soaring on Monday.