Never let fundamentals get in the way of a good sentimental story. China’s property stocks should have one of the better stories around. Not only are interest rates coming down (China has cut rates twice since last November), on Monday evening Chinese regulators announced measures to support the sector. These included reducing mortgage downpayments and improving the tax environment for people who want to sell.
永遠不要讓基本面妨礙動人的好“故事”。中國地產股按說有一個不錯的故事。不僅利率下行（去年11月以來中國已兩次減息），周一晚間中國監管層還宣布了支持行業的新舉措，包括降低房貸首付比例，減輕賣房者稅收負擔。
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