The article says that “the revisions … are seen as mildly positive for the housing market”, and given the experience with Chinese policies in its domestic market in recent years even this may seem exaggerated.
The Chinese government has been announcing many measures over the last couple of years to revive consumptoin, but most of them remained lip services. And even where concrete measures were taken, the effects were very limited.
It’s a misleading headline.
The article says that “the revisions … are seen as mildly positive for the housing market”, and given the experience with Chinese policies in its domestic market in recent years even this may seem exaggerated.
The Chinese government has been announcing many measures over the last couple of years to revive consumptoin, but most of them remained lip services. And even where concrete measures were taken, the effects were very limited.