Bloombergo is up to its usual Chinese tricks:
While expectations are low for groundbreaking structural reforms, investors are watching closely for any hints on policy direction to address a broad range of long-term issues including fiscal relations between central and local government, a downward spiral in the real estate market, the embattled private sector, the country’s technology push, and its aging population.
…Property policies are another area of investor focus, as the real estate downturn remains the biggest threat to the Chinese economy. The State Council, the nation’s cabinet, in June asked officials to keep formulating new policies that will absorb existing housing stock with an “open mind.” That’s stoked anticipation on new steps and additional funding to shore up the market after Beijing in May unveiled a package of measures to rescue the sector, including 300 billion yuan ($41.3 billion) in cheap loans provided by the central bank for local governments to purchase existing housing projects.
