Chinese real estate stocks surged this month. But analyst warns of high expectations vs. 'weak reality'
China's housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data. Future Publishing | Future Publishing | Getty Images BEIJING — China's real estate sector isn't yet poised for a quick recovery, despite a rally this month in stocks of major property developers. That's because recent support by Beijing don't directly resolve the main problem of falling home sales and prices, analysts say. related investing news 'Incredibly cheap': Strategist says Chinese tech stocks, like Alibaba, are a clear buy right now Ganesh Rao 3 hours ago Last week, property developer stocks surged after news the central bank and banking regulator issued measures that encouraged banks to help the real estate industry. It comes alongside other support measures earlier this month. Loading chart... Shares of Country Garden , the biggest Chinese developer by sales, have more than...