Why stabilizing housing market matters

China's real estate market has been fluctuating in recent years, leading to a decline in market confidence, reduction in transaction volumes, and price adjustments. These developments have impacted economic growth and social stability.

As such, stabilizing the real estate market has become crucial for China to achieve high-quality, sustainable development.

The central leadership has reiterated the need to stabilize the real estate market. That the Central Economic Work Conference in December also decided to sustain efforts to stabilize the real estate market indicates that supportive policies will continue to be implemented.