The measures are meant to counter a prolonged downturn in China’s property market
The central bank cut its key interest rate earlier this month for the third time this year
Sales should improve thanks to lower mortgage rates, increasing inventory: economist
Online retailers, sporting goods stores, and home and garden stores all reported higher sales
The drop came as the annual pace of urban starts fell 24% from July
It's the lowest level of inflation in more than three years, data show
The government is also releasing drafts for a bill of rights for renters, as well as one for homebuyers
The increase was driven by higher sales in petroleum, coal and chemical product subsectors
Prospective buyers may be holding off given lower interest rate forecasts, economist says
It was the fifth straight annual drop and the smallest since February 2021