摘要
Beijing＇s ＂mini-stimulus＂ plan began to demonstrate an impact on the economy in May, however, China＇s property sector continued to slide, with housing sales falling 10.2 percent to $317.3 billion in the first five months of 2014. This development has far-reaching impacts - reducing growth in the construction industry and lowering steel prices across global markets. Wary of overcapacity and reliance on the housing sector for economic growth, Beijing began to tighten control over the nation＇s housing policy several years ago by restricting multiple home purchases and squeezing credit for the market. Today, local governments are easing restrictions on the housing market to stimulate demand.
Beijing＇s ＂mini-stimulus＂ plan began to demonstrate an impact on the economy in May, however, China＇s property sector continued to slide, with housing sales falling 10.2 percent to $317.3 billion in the first five months of 2014. This development has far-reaching impacts - reducing growth in the construction industry and lowering steel prices across global markets. Wary of overcapacity and reliance on the housing sector for economic growth, Beijing began to tighten control over the nation＇s housing policy several years ago by restricting multiple home purchases and squeezing credit for the market. Today, local governments are easing restrictions on the housing market to stimulate demand.
