Beijing/Hong Kong :China is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter.
Policymakers have rolled out measures since the second half of 2022 to stabilise the property market that has been further boosted by the lifting of tough COVID curbs in December. The central bank outlined 16 measures of policy support, including loan repayment extensions, in November.
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