China has announced some policies designed to shore up its ailing property sector after the latest data showed housing prices slumped nearly 10% since the start of the year. 'Historic' decision as Evergrande and others struggle China Real Estate Business, a newspaper managed by the housing ministry, described the policies as "heavyweight," saying they marked "a significant historic moment" for the beleaguered sector. China's CSI 300 Real Estate index of shares jumped 9.1% on the announcements. "It's a bold step," Raymond Yeung, chief Greater China economist at ANZ Bank, told Reuters news agency ...
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