An ongoing series of policies aimed at supporting the real estate market appear to have an effect, with agents in some cities reporting price rises.
To get a sense of the frenzy in China's world-beating equity market, consider this: In a two-week span last month, the rally lured 2.8 million rookie stock pickers, almost the equivalent of Chicago's entire population.
Market to expand 17%, helped by activity in new free trade zones
The deposit insurance system that is set to start on May 1 will offer a market-based solution for banks that fail in an increasingly complex business environment, said economists and bankers.
Bad loans jumped in the western region of China last year mainly because of a glut of coal supply that drove prices of the fuel sharply lower, causing mining companies to lose money and in some cases default on their debt.
An insurance system for bank deposits will start on May 1, a step toward scrapping remaining controls on interest rates and allowing lenders to fail in a more market-driven economy.
Though real estate sales are expected to be given a short-term boost from the relaxations in mortgage down payment and property transaction tax requirements, more concrete steps are necessary to maintain the growth momentum over the long term, industry experts said on Tuesday.
Editor's note: An increasing number of Chinese companies are emerging on the world stage as they strive to establish their brands outside the country. China Daily reporters asked the heads of some of the best-known how they present themselves overseas, how they compete against their global counterparts and how they might use lessons learned from their multinational rivals. This report, the second in our series, is by Lyu Chang and Xie Chuanjiao in Zhengzhou.
For Haier Group, one of China's largest electronic and electronics goods manufacturers, the one-model-fits-all approach is no longer an option.
Commercial banks are expected to see a surge in their lending business and profits, after the government decided to relax the mortgage policies further on Monday, experts said.
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