HONG KONG -- Chinese cities have dropped some of the last barriers to home purchases in an effort to spur demand. But rather than raising hopes for a recovery, experts say the moves show how little space the authorities now have to work with.
Removal of curbs in Hangzhou and Xi'an highlights dilemma for buyers and sellers
Apartments in Xi'an, the capital of China's Shaanxi province. The city, along with Hangzhou, became the latest to drop restrictions on home purchases as the country attempts to revive its real estate market. © Reuters
HONG KONG -- Chinese cities have dropped some of the last barriers to home purchases in an effort to spur demand. But rather than raising hopes for a recovery, experts say the moves show how little space the authorities now have to work with.