China Takes Bold Step to Fix Housing Market By Vicky Ge HuangChina announced plans to clear a backlog of unsold homes, but questions remain over scale and financing. Meanwhile, the housing market is cooling in some cities in Florida and Texas. Top News China Is Finally Getting Serious About a Housing RescueChina rolled out its boldest steps yet to fix its broken housing market , as Beijing sought to finally bring to an end a drawn-out real-estate crunch that has hobbled its economy for years. "Europe is set to increase tariffs and use other ... instruments to de-risk its economy from China," Kenningham says. - Emese Bartha China's benchmark lending rates were held steady this month, central bank data showed Monday after Beijing announced bold moves to address property-sector malaise.

Source: Wall Street Journal May 20, 2024 11:20 UTC