The Governor of the People's Bank of China, Pan Gongsheng, discusses the difficulties facing the country's real estate sector. He points out that China's real estate sector is in a state of transition, marked by a decline in demand for new homes and an increase in demand for second-hand and rental properties. To mitigate the risks, China has implemented a number of measures, such as reducing mortgage interest rates and providing financial support to property developers, which are beginning to show positive signs, with an increase in housing sales and a stabilization of prices.
 
(MT Newswires)

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