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

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

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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
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