SHANGHAI -- China's property sales this year are likely to come in at about half the level recorded just three years ago, despite a slight uptick in November, underscoring the challenge Beijing faces in maintaining policy support to reverse the market's downturn.
China debt crunch
China's 2024 property sales on course to reach just half the peak
November data offers positive glimmers as Beijing signals more policy support
Chinese policymakers have taken a flurry of steps to ease homebuying, but the sector remains under pressure. © Reuters
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