China's three policies to save housing market, steel market may turn around
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Update time : 2024-05-09 16:56:50
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.
