How China Is Trying To Lure Homebuyers and Boost Property Demand

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Chinese cities are taking steps to attract homebuyers with price cuts and sweeteners. Meanwhile, Shenzhen is moving to acquire unsold properties and turn them into affordable housing.

Bloomberg Intelligence analyst Kristy Hung speaks on "Bloomberg: The China Show" about whether the measures are enough to boost flagging property demand.
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I missed the part where bubble maintenance was justified as a priority

SigFigNewton
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It seems this time the property market is much worse than year 1999/2000 in China … back then it took about 5-7 years to turn around…. as there is more incomplete property projects now …

swedeturbo
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Wage Inflation Boost is needed for Rapid Sale of Houses.

lokesh
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Haha..."lure" has such a negative connotation.

DLG
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Where is remote workers city in China?

jackjanpour
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Chinese govt should buy these empty towers, and then turn around and lease them at affordable prices to its people as an affordable housing solution. this will solve many issues: cut the housing inventory effectively, propping up the developers and thus returning people confidence in these developers, and helping out the poor, while giving the central government lots of goodwill from the people.

nobnoba
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China needs to increase population. Otherwise what's the point of building extra homes and wasting resources.

ZokirAhmed-lsdw
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Chinese 🇨🇳 property sector, which accounts for 30% of GDP, is crashing.
- Exports and imports, accounting for 37% GDP, are down.
- Foreign investment (FDI) is falling over 90%, lowest in 3 decades.
- Foreign visitors are down 96% compared to the pre-pandemic level in 2019.
- Consumer prices are experiencing deflation.
- Youth unemployment hits over 21%, a record.
- Its fast-shrinking workforce is 10 years older than neighboring countries.
*Still, China keeps reporting outrageous GDP numbers.* Lol
Where does the growth come from?

ArabicReja
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China have $1 trillion trade surplus.
Chinese have $3 trillions in savings in banks not used.
China have trillions in belt and road assets.
China is not in trouble.
The chinese government do not want a price inflation in property and wants to teach speculators a lesson.

windsongwong
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Long-term, China doesn't have a property tax. There is no disincentive to horde. Prices will rise.

fbhyehy
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I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America, , all thanks to Mr Stephen 😊🎉

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