0744 GMT - China's central bank governor sees abating risks in the country's real-estate market, citing improving property transactions in recent months and striking an optimistic tone in the sector's outlook. "The risk level of the real-estate market has been greatly weakened, and the overall market transaction level has improved," Gov. Pan said at a forum, citing figures that showed consistent growth in property sales in 30 major Chinese cities both on a month-on-month and year-on-year basis since October. The central government's clarification that local government special bonds can be used to recover idle stock land, expand land storage and acquire stock commercial housing will accelerate the destocking of the real-estate market and help stabilize the market, Pan said. (singaporeeditors@dowjones.com)
(END) Dow Jones Newswires
January 13, 2025 02:45 ET (07:45 GMT)
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