The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters
The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters
Property /  Hong Kong & China

China's cities taking steps to pare record housing inventories

Economists expect to see renewed policy support, including a possible rate cut in the first half, that will boost housing sales in second quarter

Topic |   China home price
Langi Chiang
Langi Chiang

Updated: 6:08pm, 18 Apr, 2015

Why you can trust SCMP
The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters
The property market downturn was a drag on China's economic growth last year, cutting it by about 1.1 percentage points, according to investment bank JP Morgan. Photo: Reuters
READ FULL ARTICLE