China Moves to Stabilise Property Sector with 'Stronger Than Expected' Policy Package China's economic behemoth has been stumbling for months, and its property sector – once a cornerstone of growth – has been one of the biggest casualties.
Beijing's response is a package of policies aimed at stabilizing the sector by shifting it away from presales models. The measures are a direct response to the ongoing downturn in China's property market.
Developers have long relied on presales – selling homes before they're built – to finance their projects. However, this model has proven unsustainable, leading to a mountain of debt and widespread defaults.