Apartment towers Shenzhen, which experienced 52 per cent growth in home prices in January, prompting speculation the city government may soon introduce cooling measures. Photo: Reuters
PBOC cut in RRR seen adding fuel to China’s red hot property market
Central bank’s decision could free up additional 700b yuan for lending, adding to the frenzied market in tier-1 cities but not helping destocking in smaller cities
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China property
Apartment towers Shenzhen, which experienced 52 per cent growth in home prices in January, prompting speculation the city government may soon introduce cooling measures. Photo: Reuters