China Home Sales Rebound as Stimulus Boosts Buyer Morale.

In October 2024, China's residential property sales saw a significant increase, marking the first year-on-year rise of the year. The boost in sales was attributed to the government's stimulus measures, including cutting borrowing costs and easing buying restrictions. Analysts anticipate further policy support to maintain China's economic growth target, while warnings of potential growth decline without reforms to boost domestic consumption have been issued. Additionally, cash-strapped developers are relying on increased sales to address financial challenges. [Extracted from the article]