Bloomberg: China Weighs Removing Major Homebuying Curbs to Boost Demand

Bloomberg carry the report saying that China is considering removing some of the largest remaining restrictions on home purchases. Measures are said to include tier 1 cities to relax restrictions for non-local buyers.

Bloomberg add that ‘after previous measures failed to revive a moribund housing market’

Alongside the moves for the housing sector authorities are also said to be considering new steps to support equity markets.

Bloomberg citing unnamed sources ‘familiar with the matter’.

This article was written by Eamonn Sheridan at www.forexlive.com.