Analysts Wary of China’s New Property Stabilization Measures

Residental buildings in Huaian, in China's eastern Jiangsu Province, on Nov. 16, 2022. STR/AFP via Getty Images

News Analysis

Underscoring the crisis that has plagued China’s property markets over the past several years, authorities unveiled a series of new measures on May 17 to revitalize the crisis-ridden sector after the latest data showed housing sales have slumped by over 30 percent since the beginning of the year.