Chinese Leadership Faces Tough Choices amid the Slowdown

Chinese Leadership Faces Tough Choices amid the Slowdown

In 2015, both these sectors showed signs of moderation, after which the Chinese government announced several measures to boost them. In the real estate sector, the country relaxed lending norms to boost housing demand. In the automotive space, China lowered its purchase tax, which was gradually increased to the original level of 10% starting at the beginning of this year.