P
remier Li Qiang's recent comments on bolstering the property sector suggest Beijing remains concerned about its impact on growth and consumption. The sector, once a key driver of China's economy, has been weighing it down, as evident from recent statistics. Analysts note that while there is no immediate solution to the problems plaguing the industry, Beijing is increasingly worried about its effect on overall sentiment and domestic demand, particularly in light of external economic turmoil.

    A State Council meeting convened by Li set a clear tone for supporting China's property market ahead of key economic data releases for January-May. The meeting emphasized the need to refine existing policies and improve their implementation to stabilize expectations, boost demand, and mitigate risks. To achieve this, there will be a thorough review of ongoing projects and land supplies, with urban-renewal initiatives receiving additional land and financing support. Ultimately, Beijing aims to halt the sector's decline and stabilize it.