A recent report by leading credit rating firm Fitch Ratings says that although the Chinese communist regime has relaxed some restrictions on home transactions in cities, the policy is likely to have little effect on sales of new homes.
Fitch Ratings said on Sept. 25 that in response to the real estate crisis, authorities in China’s first-tier cities recently relaxed mortgage regulations for first-time home buyers, driving a short sales surge in the policy’s first week of implementation.
