Officials say the real estate market is bottoming out. What’s your view on China's property market?

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Cui Nyonya Kueh joined discussion · Oct 11 22:23

No data or figures. Please ask Anai aka Red Guppy to help pray on Monday 🙏🏻

🔸Local debt risks are under control
🔸Fiscal revenue will be lowered than expected, but able to meet budget targets this year
A basket of fiscal policy measures
🔸Significantly increase government debt.
🔸Will issue special treasury bonds to replenish state banks capitals
🔸Use local debt and other tools to support property market
🔸Increases subsidier for low-income people and students to boost consumptions
🔸Studying more counter-cylical measures
🔸Government has big room to increase debt

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马后炮 : kana Holland liao

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Dragon Fish : You want me praying on Monday? I dunno the news good or not? No figures just assurance given only. Must be below the expectation without any figures announced at all. Let the market decide itself whether they think it is good or not. Praying also no use already.

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105069843 : Local governments have 2.3 trillion RMB of local debt funds available in the past 3 months.

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Dragon Fish : China's briefing on stimulus gets lukewarm investor reception

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Cui Nyonya Kueh OP Dragon Fish : Where is the stimulus????

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Dragon Fish Cui Nyonya Kueh OP : Ask the Minister. I dunno.

"The strength of the announced fiscal stimulus plan is weaker than expected. There's no timetable, no amount, no details of how the money will be spent. The market had been expecting trillions of yuan in fresh stimulus … but the briefing gave little good news, and limited room for imagination.

"If that's what we have in terms of fiscal policies, the stock market bull run could run out of steam."

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Cui Nyonya Kueh OP Dragon Fish : Papa Xi staff maybe forget. They are very old, please forgive them Maybe Monday they will publish

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Cui Nyonya Kueh

Crafting Nyonya, Teochew Kueh, Bak Chang, Teochew Mooncake from scratch in Tampines. FB/ IG @cui.nyonyakueh

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