BEIJING : China's new home sales rose sharply in February from a slump in the previous month, buoyed by a rise in demand in small and medium-sized cities after the scrapping of COVID curbs and supportive property policies, a private survey showed on Monday.New home sales by floor area in 16 selected Chine
BEIJING : China's new home sales rose sharply in February from a slump in the previous month, buoyed by a rise in demand in small and medium-sized cities after the scrapping of COVID curbs and supportive property policies, a private survey showed on Monday.
China's property sector has been grappling with a severe liquidity crisis last year - initially triggered by government moves to rein in ballooning debt - with many developers defaulting on or delaying debt payments and falls in sales.
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