China's Bold Property Stimulus Faces Skepticism

Beijing's latest measures aim to revive the property market, but experts question their sufficiency and execution.

China's government has introduced a $42 billion package to support the struggling real estate sector.
The measures include lower mortgage rates, reduced down payments, and state-backed purchases of unsold homes.
Analysts argue the funding is insufficient to address the vast inventory of vacant and unfinished properties.
Local governments face challenges in financing these initiatives due to high existing debt levels.
Experts believe more comprehensive and larger-scale interventions may be necessary to stabilize the market.