China

China’s stuttering housing market shows signs of life as banks make it easier for first-time buyers to get mortgages approved



China’s beleaguered housing market is showing signs of life after banks made it easier for buyers to get their mortgages approved.New homes covering a total area of 12 billion square metres (129 billion square feet) in 42 major cities were sold in the first 20 days of November, 12 per cent more than in the same period the previous month, according to Central Wealth Securities, a Chinese broker.The increase comes after regulators called on lenders to support the market by easing the stringent…



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