- China to step up efforts to revive property sector
Market news
1 September 2023
China to step up efforts to revive property sector
Citing four people familiar with the matter, Reuters reported on Friday that China is likely to step up action to revive the country’s property sector.
Key takeaways
China property revival proposals include relaxing home-purchase curbs.
China property revival proposals include removing price caps on new homes.
The plan is to act as existing policies failed to sustain a sector rebound earlier this year.
Market reaction
AUD/USD is uninspired by the renewed China optimism, losing 0.40% on the day to trade at 0.6456, as of writing.
Market Focus
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