China Seeks to End Property Crisis With Rescue Package

China has announced its most forceful attempt yet to rescue the beleaguered property market. Minmin Low reports on Bloomberg Television.

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[kosukeyoshimura]

And 50% of the rescue package goes to CCP’s pocket.🎉

[roc]

they only make the problem worse, not solved. this is what happens when you do things unrelated to the demand.

[ArabicReja]

Chinese property sector has overcapacity problems with enormous amount of empty apartments. The sector is crashing on its weight of debts.

[nulnoh]

Man ArabicReja and LastChang never fails. 😂😂😂

[lastChang]

China's 🇨🇳 rescue package to fix its property market malaise
is like throwing a cup of water on the forest fire. LOL

[RealGateux]

The difference is China buy back the unsold houses at reasonable rate and those houses can be sell back in the markets once it stabilize. This granted the developers some relief. China aren't losing much here since they own the land and the premises lot.

Meanwhile, US govt bailout the gamblers banks which essentially means they are spending on people's tax money on gamblers.

[mathewp]

Now im pretty neutral and was with China when they were treating this fairly .I even applauded when they were warning everyone not to invest in this bubble. But if they do this then they are not much different from the US government whom they blame for the Bank bailouts.

[ben]

Like, why, why build so many? It is never a problem anywhere else, it's easily avoidable

[souravjaiswal-jrbj]

Any problem can be solved with the money printer.

[HKim]

Anything less than 1.8 trillion USD in monetary and fiscal stimulus will do nothing.

[pushslice]

“to END..”??

well, that’s quite an optimistic way to word it, isn’t it?
I hope nobody is holding their breath.

LOL…just….LOL!

Let’s all just remember: this is the same government that despite having the extremely fortunate perch of being able to learn from the GFC….still elected to allow their mess to happen anyway .
This unique brand of shockingly consistent fecklessness doesn’t just make a 180 …

[TheTinyRedDot]

Minmin, why you jumped ship from CNA ?

[MarekKolenda-crvr]

Russian army # 2 Ukraine # 1 in Europe

[nerenahd]

It´s like Japan´s central bank buying stocks in the 90s to save a stock market crash. It will mitigate the impact, but it´s a futile exercise.