Chinese real estate stocks are soaring
$Global X MSCI China Real Estate ETF(CHIR)$ $China Resources Land Ltd.(CRBJF)$ Chinese real estate stocks are soaring for a second day on news of troubled developers being included in the shortlist of 50 names that will qualify for government financial support possibly beginning 2024.
As I said, China is tackling its property crisis with more urgency lately, and that's what's turning sentiment around. And when it (positive sentiment) trickles down to the consumer level, we'll see a more sustainable recovery in this important sector.
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https://twitter.com/BrianTycangco/status/1727584814168187026
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