China pledges more support to troubled property sector, but disappoints investors

China's Housing Minister Ni Hong has announced a series of measures to support the country's beleaguered real estate sector, including a ramping-up of lending for unfinished projects. However, the move failed to impress investors and will add to doubts over whether China will actually be able to reach its 5 percent GDP growth target for 2024. Also in this edition, FRANCE 24's Bryan Quinn explains why prices on the French overseas department of Martinique are 40 percent higher than on the mainland.

Oct 17, 2024 - 06:00
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China pledges more support to troubled property sector, but disappoints investors
China's Housing Minister Ni Hong has announced a series of measures to support the country's beleaguered real estate sector, including a ramping-up of lending for unfinished projects. However, the move failed to impress investors and will add to doubts over whether China will actually be able to reach its 5 percent GDP growth target for 2024. Also in this edition, FRANCE 24's Bryan Quinn explains why prices on the French overseas department of Martinique are 40 percent higher than on the mainland.
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