0546 GMT - There appears to be no quick fix for China's property sector, Goldman Sachs says in a research note. Chinese policymakers have recently stepped up easing efforts to counteract the prolonged property downturn, including lowering down payment ratios for home purchases, the analysts say. Recent easing measures should help boost property-sector financing, home completions and sales in some large cities. However, structural challenges linger amid still-limited policy support for destocking excess inventory, GS says. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
December 16, 2024 00:46 ET (05:46 GMT)
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