More rainy days for Chinese developers despite stimulus

Beijing wants to stimulate the economy without inflating house prices.

More rainy days for Chinese developers despite stimulus

China’s property market has shown signs of warming up on expectations that Beijing will loosen monetary policies further, but a recent measure suggests the central government doesn’t want its generous stimulus to flow into the coffers of property developers.

Beijing will send inspection teams to 16 key provinces and cities by the end of this month to ensure real estate tightening policies are strictly enforced by local governments, according to a statement from the State...

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