A recent report by leading credit firm Fitch Ratings says that although the Chinese communist regime has relaxed some restrictions on home transactions in cities, the policy is likely to have little effect on sales of new homes. Fitch Ratings said on Sept. 25 that in response to the real estate crisis, authorities in China’s first-tier cities recently relaxed mortgage regulations for first-time home buyers, driving a short sales surge in the policy’s first week of implementation. The report noted that in Beijing, home sales peaked in the first week after the definition of first-time home buyers was expanded on Sept. 1. According to data from leading Chinese real estate broker Centaline, 3,500 new homes and 5,000 second-hand homes were sold that week—about half of all August sales....Read more https://www.theepochtimes.com/china/ccps-policy-changes-unlikely-to-boost-chinas-new-home-sales-fitch-ratings-5499850