Chinese real estate stocks rally on stimulus hopes

Politburo signals support for property industry and consumer spending

20230725N Country Garden REUTERS

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

KENSAKU IHARA and KENTA SHINOZAKI, Nikkei staff writers

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.

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