China property: Beijing’s stimulus plan needs more time, money and policy support to resolve long-standing housing crisis

After Beijing introduced its most ambitious effort to date to revive the property sector and bolster the country’s economic recovery, analysts and economists find the plan’s scale too small and remain uncertain about its effectiveness.

Market experts suggested that initiatives to solve the long-standing property crisis will need more meat on the bone, as policymakers approach this issue with a heightened sense of urgency.