China Unleashes Bold Measures to Rescue Property Market Crisis In an aggressive move to revive its struggling property market, Beijing has unveiled a comprehensive rescue package, including the removal of mortgage rate floors and lowering down payments. The People’s Bank of China will inject $42 billion to help government-backed firms purchase unsold homes, converting them into affordable housing. Despite this, analysts warn that the funds may fall short of what’s needed to fully address the housing glut. The market responded positively, with developer shares surging, but experts caution that a lasting recovery will require careful execution and broader financial support. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE India's Gold Market: ETFs and Central Bank Buying Shine Amid Jewelry Slump READ MORE Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report READ MORE Gold Hits Three-Week High as Cooling Inflation Fuels Fed Rate Cut Hopes READ MORE Powell to Defend Fed's 'Higher-for-Longer' Rate Policy in Congressional Testimony READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment