China pumps half a trillion dollars into beleaguered property sector. But that’s not enough

Real Estate

Editor’s Note: Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN  —  Chinese property shares tanked on Thursday, after measures announced by officials to bolster the flagging real estate market were deemed by investors and economists to be too piecemeal. After dismal economic data over the summer prompted concern that China may miss its 5% target growth rate, leader Xi Jinping

Tag-uri: Real Estate

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