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China Needs to Make Property 'Desirable' Again, BofA Says
Posted
May 17, 2024
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3:05Now PlayingBofA Securities strategist Winnie Wu says Beijing needs to make the country's property sector "desirable again" since people are not going to "buy a depreciating asset." She says improving confidence in the real estate market will require "a package of policies." On Friday, government statistics showed that China's home prices fell at a faster pace in April amid efforts by policymakers to tackle the property crisis.
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