Overview

• China's government has introduced a $42 billion package to support the struggling real estate sector.
• The measures include lower mortgage rates, reduced down payments, and state-backed purchases of unsold homes.
• Analysts argue the funding is insufficient to address the vast inventory of vacant and unfinished properties.
• Local governments face challenges in financing these initiatives due to high existing debt levels.
• Experts believe more comprehensive and larger-scale interventions may be necessary to stabilize the market.