Morgan Stanley Says Mortgage Aid May Halt China’s Housing Slump
China could turn to mortgage subsidies to revive its housing market, Morgan Stanley said, estimating that Beijing may need to spend about 400 billion yuan ($57 billion) a year to...
By John Liu, Fran Wang · Bloomberg Markets
China could turn to mortgage subsidies to revive its housing market, Morgan Stanley said, estimating that Beijing may need to spend about 400 billion yuan ($57 billion) a year to lift battered consumer confidence.