HONG KONG/TOKYO -- Shares in Chinese real estate companies surged on Tuesday, a day after a closely watched policy meeting raised hopes that support for the troubled sector was coming.
Politburo signals support for property industry and consumer spending
Share in Chinese property developer Country Garden Holdings jumped nearly 18% on July 25 after the China's leadership signaled support for the real estate industry. © Reuters
HONG KONG/TOKYO -- Shares in Chinese real estate companies surged on Tuesday, a day after a closely watched policy meeting raised hopes that support for the troubled sector was coming.