China’s stimulus measures are expanding, with a new property tax policy announced just five days ago set to lower transaction taxes on home purchases starting December 1. China’s recent sovereign dollar bonds attracted high demand with a 20x subscription rate, priced only 1 basis point above U.S. Treasuries, signaling foreign investors’ confidence in China’s economic stability. With a key real estate price report and an economic press conference tomorrow, the Chinese stock market may break past the 13,700 mark and potentially reach 14,000.

China’s New Tax Policy Boosts Real Estate and Investor Confidence

Nov 14 2024