China In Perspective: From trade-ins to affordable housing plans, China's innovative approaches to destock housing inventory

BEIJING, May 23 (Xinhua) -- China is actively exploring new ways to reduce its housing inventory, such as promoting trade-in programs and encouraging government-backed purchases of commercial apartments for affordable housing plans, as part of an effort to reignite the cooling property market.

Analysts believe such moves, aimed at prompting more deals, are crucial to vitalizing the sector as market expectations