China Vows to Stabilize Property Market as Crisis Deepens
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China’s Property Crisis:Residential buildings in Beijing.Chinese policymakers pledged to intensify their efforts to stabilize the housing market at a key economic meeting, reaffirming policies issued last year but stopping short of the measures some economists think are needed to revive the sector.The government will encourage the acquisition of existing housing stock, primarily for use in affordable housing, according to an official readout released Thursday following the Central Economic Work Conference.