0927 GMT - Stabilizing housing prices remains China's top priority moving forward, ING Chief China Economist Lynn Song says in a research note. While prices have started to stabilize in tier-one and top tier-two cities, December data shows this trend is gradually widening, Song says. As property remains the single most important asset type for many Chinese households, the price declines have had a negative wealth effect and remains a significant drag on household confidence, Song says. "While stabilizing the property market alone is not a panacea for the economy, it is a vital step in the process to restore confidence," he says. Despite several months of improving data, policy support needs to continue to ensure the job is done, he adds. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 17, 2025 04:27 ET (09:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。