A general view shows real estate buildings under construction in Beijing in August 2022. Photo: EPA-EFE
A general view shows real estate buildings under construction in Beijing in August 2022. Photo: EPA-EFE

China needs ‘non-traditional’ cure for housing slump as third rate cut fails to inspire property stocks, money managers

  • China may need to implement more non-traditional measures, or some kind of intervention to restore faith in the property market, Invesco’s Chao says
  • The third cut in five-year loan prime rate failed to inspire stocks as Poly Development and Seazen languished, while broader market gained less than 1 per cent

A general view shows real estate buildings under construction in Beijing in August 2022. Photo: EPA-EFE
A general view shows real estate buildings under construction in Beijing in August 2022. Photo: EPA-EFE
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