The Shanghai property index looks like a technical double bottom

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The Shanghai property index looks like a technical double bottom

HONGHAO
2024-05-17

China cut down payments requirement of home buying to ALL TIME LOW — 15%.

Mortgage rate also cut. It’s an end to the era of “home is for living in, not for speculation”.

The property sector index surging another 6% from its double-bottoms, and industry leader Vanke limit up 10%.

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My Analysis on May 15th:

# US-China Dialogue: Is a Spring Coming for China Stocks?

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valentia
·2024-05-18
Good news for the market 😁
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LouisLowell
·2024-05-17
Keep up the good work!
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KSR
·2024-05-18
👍
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