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Relief for China’s property sector as restrictions ease

Michael Smith
Michael SmithHealth editor

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Tokyo | China is seeking to bail out its debt-laden property sector at the same time as it eases COVID-19 restrictions in twin moves investors see as positive signs for the country’s slowing economy.

China’s central bank and banking regulator told lenders late last week that they would wind back some measures President Xi Jinping introduced last year to curb soaring property prices.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5by2u