Hao Hong, partner and chief economist at GROW Investment Group, looks at the Chinese economy, the government’s efforts to support the real estate market, and the implications for the stock market. Xi Jinping’s government announced its most forceful attempt yet to rescue the beleaguered Chinese property market, relaxing mortgage rules and urging local governments to buy unsold homes as authorities become increasingly concerned about the sector’s drag on economic growth. Hong speaks on “Bloomberg: Daybreak Asia.” (Source: Bloomberg)
GROW Investment’s Hong on China’s Economy, Property Market, Stocks
