Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<CN Home>M Stanley Suggests CN to Launch Mortgage Subsidies to Revitalize Property Mkt
Recommend 2 Positive 1 Negative 4 |
||||
|
||||
|
China might shift to providing mortgage subsidies to revitalize its real estate market, estimating an annual expenditure of around RMB400 billion, Morgan Stanley's Chief China Economist, Robin Xing, said. He emphasized that, to stabilize market expectations, the subsidies must be substantial and should cover both new and existing mortgages. Without new support measures, the property market's downturn might not bottom out until 2027 or even later. Xing anticipated that China's official economic growth target for 2026 may remain at 5%. Although deflation might persist throughout the year, the gradual relaxation of fiscal and housing policies could slightly mitigate the decline in prices. The budget deficit as a share of GDP will likely remain at a level similar to 2025, which is around 4%. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
