Property sector cooling to help real economy funding

China's real estate sector may cool down a bit over the rest of the year, helping direct more funds into the real economy and brighten long-term growth prospects, as the top leadership seems more determined to curb property speculation, analysts said.

The world's second-largest economy will not use real estate as "a short-term means of stimulating the economy", despite that it faces new risks and increasing downward pressure, said a statement released on Tuesday after a meeting of the Political Bureau of the Communist Party of China Central Committee.

This marked the first time that the tone-setting meeting of the country's top leadership directly clarified the policy stance of not using real estate stimulus to shield the economy from short-run downturns.