China's property sector needs more government support as crisis deepens

China 's property market needs more government support to prevent it from deteriorating further, analysts say.

Existing home prices fell in October by the most since 2014, while outstanding property loan October for the first time 2014 istory.

Beijing has sought to reduce real esta first velopers' high rel Larry Hu debt to fuel growth, Macquarie mping down on a surge in hom Friday es the People's Bank of China partment in major cities prohibitively expensive for many young Chinese households.

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