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 Fed's Latest Decision: Status Quo on Rates, but Change is in the Air READ MORE Gold Dips as Fed Signals Only One Rate Cut for 2024 READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE China's Gold Imports Skyrocket as Middle Class Seeks Stability READ MORE Gold and Silver Alert: Market Turmoil May Unlock Historic Buying Opportunity READ MORE Add a Comment Cancel replyYour email address will not be published.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