Top China Housing Official Urges Fresh Real Estate Rescue Effort

The video discusses a downward revision of the growth outlook due to issues in the second quarter, with a potential mild recovery in the second half of the year driven by summer travel and supportive policies. It highlights the economic divergence between big and small cities, with the central government adopting a more supportive housing policy. While lower-tier cities are relaxing housing constraints, top-tier cities like Beijing and Shanghai are less likely to do so, although some marginal relaxation may occur.

What differences exist between the housing policies in first-tier cities and lower-tier cities?

What are the potential changes in housing purchase rules for lower-tier cities?