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China's consumer prices will likely remain steady, with a mild increase in the following months, as the economy is on track for solid recovery this year with a series of stimulus policy measures gradually taking effect, analysts said.
China is on the right track to deal with its property woes with a new round of policy easing measures recently issued, thus painting a rosy picture for gradual stabilization of a sector key to reviving the world's second-largest economy, said economists of two prominent foreign institutions.
Potential homebuyers look at a property model in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SER
China's real estate market is expected to become fully stabilized in the second half of 2024, ending a three-year adjustment period, if the latest rounds of highly supportive policy measures are well implemented to boost homebuyer confidence and ease liquidity stress among developers, experts said on Friday.
Developer stocks rose on Thursday after authorities in Hangzhou announced plans to buy unsold homes, but analysts question whether such aid is the best way to rescue the market.