prc30 on Nostr: The Chinese have pulled the trigger and are taking serious steps to address the local ...

The Chinese have pulled the trigger and are taking serious steps to address the local property market. No question it is a monumental task and there is no certainty that the steps now being taken will address the underlying issue.

I would give credit for at least recognizing the structural threat that real estate is to the broader economy and actually trying to do something to address that threat.

https://www.cnbc.com/2024/05/17/china-pledges-billions-in-measures-to-support-struggling-property-sector.html