PBOC Effort to Stimulate Housing A Total Failure

Liu Shan, China Business Times deputy editor, doesn't see a turn in housing. The lead about says it all. This was a top headline in the finance section of iFeng this morning.

Lead: central bank to adjust the ratio of house prices down payment, intended to "silver ten" to stimulate home sales, although short-term disturbances can play a role, but under the influence of monetary cycles, economic cycles and population cycles, still can not change the trend of the property market in the long-term adjustment. If you want to buy a house, please think thrice.

iFeng: 第88期：央行刺激楼市算盘将落空