New Chinese property save beset with problems

Sinocism with the note. Renewed hopes for a massive real estate bailout – Bloomberg reports that the government is “considering a proposal to have local governments across the country buy millions of unsold homes”. Caixin reported over the weekend that it “has learned from multiple sources that policymakers have also been studying the creation of a national real estate investment vehicle tasked with acquiring and revitalizing unfinished and inventory properties across regions.” Caixin also wrote in that cover story that …