EconomyBeijing’s latest property stimulus fails to revive lower-tier cities
Beijing’s latest package of property measures has not halted falling home sales and prices in mainland China’s lower-tier cities, potentially prompting regulators to offer stronger incentives. CREIS data showed new-home prices in third- and fourth-tier cities fell 2% year on year in October, while lived-in home prices dropped 6.5%.
Beijing’s latest property stimulus fails to revive lower-tier cities
Economy