BEIJING, Jun 7 (Reuters) – China’s bailout measures for its beleaguered real estate market will take “some time” to take effect, a state newspaper warned on Wednesday, as investors bet on short-term stimulus to revive the sector . The comments from Economic Daily, which is backed by the cabinet, came as investors in real estate…
Unfinished buildings, abandoned midway through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst of consumer and business activity early in the year, prompting calls for more policy incentives to support growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Weak…
HONG KONG, June 6 (Reuters) – Chinese real estate stocks listed in Hong Kong (.HSMPI) rose as much as 7.9% on Tuesday as investors clung to hopes that Beijing would soon take more supportive measures to bolster the embattled sector. Once a pillar of economic growth, the sector has weakened since April after a short-lived…