Not enough asset relief for sale: Evergrande Update


Easing property curbs may do little to brighten the outlook for Chinese residential sales

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Property Easing Seen Insufficient for Sales: Evergrande Update

 

The reduction in property may help brighten the outlook for China's housing sales a bit.

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As weak homebuyer confidence remains a major obstacle. by the spread of COVID-19 Add More Short-Term Threats According to Bloomberg Intelligence, the People's Bank of China has reduced the reserve requirement ratio for the majority.

The bank rose 25 percentage points on Friday, giving its lenders a small boost in cash. It also maintains the one-year policy interest rate unchanged. Disappointing most economists' forecasts for a rate cut High-yield dollar bonds from China halted

a three-week rally on concerns that Shanghai's Covid wave could hurt real estate sales and rental income, Bloomberg Index of China's junk bank notes. most of which are issued by developers It recorded its biggest weekly decline since mid-March.

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