Premier Li Qiang\u2019s remarks on further shoring up the property sector and escalating policy support are said to be indicative of Beijing\u2019s lingering concerns over the sector \u2013 once an economic pillar for China \u2013 that remains a drag on growth and consumption, as seen in the latest statistics.<\/p>\n
Analysts say that while there is no quick fix to the woes, Beijing has grown more wary of the impact on overall sentiment and domestic demand, as the economy grapples with external turmoil.<\/p>\n
A State Council meeting convened by Li on Friday set a more definitive tone on supporting China\u2019s property market, which came ahead of Monday\u2019s release of key economic data for the January-May period.<\/p>\n
The meeting underscored the need to \u201cfurther optimise existing policies and enhance systematic synergy of implementation\u201d to stabilise expectations, stimulate demand and mitigate risks, the state\u2019s Xinhua reported.<\/p>\n
Specifically, there will be a thorough stocktake of ongoing projects and land supplies, and urban-renewal projects will receive more land supply and financing aid.<\/p>\n
Once again, the meeting stated that the ultimate goal is to \u201chalt the decline and stabilise the sector\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"Premier Li Qiang\u2019s remarks on further shoring up the property sector and escalating policy support are said to…\n","protected":false},"author":2,"featured_media":188582,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[3801,51,1395,35833,77416,15397,1700,28867,3749,77414,15396,77415,24170,77417,10741,10743,16,15,44067],"class_list":{"0":"post-188581","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-china-europe-international-business-school","12":"tag-china-macro-group","13":"tag-domestic-demand","14":"tag-economy","15":"tag-guangzhou","16":"tag-hong-kong","17":"tag-ji-siqi","18":"tag-li-qiang","19":"tag-property-bubble","20":"tag-property-market","21":"tag-rui-meng","22":"tag-shanghai","23":"tag-shenzhen","24":"tag-uk","25":"tag-united-kingdom","26":"tag-xinhua"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114692240406612701","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/188581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=188581"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/188581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/188582"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=188581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=188581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=188581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}