The Third Plenum is a bust so far for stimulus:
China’s ruling Communist Party pledged to accelerate a new housing model that emphasizes renting and ramps up affordable homes, following a record property slump.
The party’s Central Committee said the new model will promote both renting and buying, in line with its call made since 2017, according to a resolution published by the official Xinhua News Agency on Sunday. China will also build and supply more affordable residences to meet the needs of working-class people, the top leadership said after a key meeting in Beijing.
