Property Policy Is Most Important for China, Nomura's Lu Says

The video discusses the challenges faced by the People's Bank of China (PBOC) in effectively transmitting its policies, highlighting issues with the transmission mechanism, debt capacity, and the property sector. Recent policy changes have been made to support the private sector, including directives for banks to lend more to private businesses. The discussion shifts from monetary to fiscal measures, with tax cuts anticipated. The focus then moves to urbanization and the property sector, emphasizing the need to ease restrictions in major cities to stimulate growth.

What are the implications of easing restrictions on property sales in big cities?

What future trends in urbanization are anticipated in relation to big and low tier cities?