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PGJ - Moving Unsold Mountains: Is China's Property Rescue Plan A Game Changer?
Invesco Golden Dragon China ETF
2024-06-06 14:20:00 ET
Summary
China’s post-COVID recovery has been plagued by deflationary pressures and short-lived expectations.
China’s property market rescue package is focused more on risk management than engineering another property boom.
The rescue package is a step toward stabilizing China’s property market, but its success hinges on overcoming significant challenges and reviving households’ confidence for home purchases.