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China's 3 policies to save housing market, steel market may turn around
In the first quarter of this year, China's steel exports hit another high of 25.8 million tons, an annual increase of 30.7%. China's aggressive dumping of steel products stems from the severe decline in domestic demand. The decline in domestic demand is the depression in the construction industry.
Chinese officials have adopted a series of housing rescue strategies to address the sluggish housing market and revitalize the domestic economy. First, establishing a national real estate platform is responsible for acquiring unfinished properties in various places. Second, loosen purchase restrictions. Third, promote the "old-for-new" policy in the housing market, where state-owned platforms directly acquire old houses and use the sales proceeds to purchase new houses to shorten the house-changing cycle. These three policies may be able to boost China's domestic demand market.
Chinese officials have adopted a series of housing rescue strategies to address the sluggish housing market and revitalize the domestic economy. First, establishing a national real estate platform is responsible for acquiring unfinished properties in various places. Second, loosen purchase restrictions. Third, promote the "old-for-new" policy in the housing market, where state-owned platforms directly acquire old houses and use the sales proceeds to purchase new houses to shorten the house-changing cycle. These three policies may be able to boost China's domestic demand market.
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