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China’s Politburo Takes Pro-Developer Stance – Nikkei Asia

The Chinese Communist Party’s central political committee has allowed local civic authorities to tweak real estate policies based on domestic realities


An under-construction building in China
The party's central political committee backed basic housing support, minus speculation. Photo: Reuters.

 

The Chinese Communist Party’s Politburo last week took one of its biggest pro-developer policies by allowing local civic authorities to tweak real estate policies based on domestic realities, Nikkei reported, citing analysts.

The party’s central political committee backed basic housing support and allowed tinkering of escrow accounts that hold the cash paid by buyers of under-construction properties in such a way that it helps ease the liquidity woes of developers, the report added.

 

Read the full report: Nikkei Asia.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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