China property showings rise over National Day holiday on loan subsidy policy

The policy lever here is fiscal rather than monetary: subsidising loan interest directly targets buyer affordability at a time when confidence, not credit supply, has been the binding constraint. Pairing that with developer incentives and a deep second-hand market suggests the demand response is being coaxed rather than unleashed. The question worth watching is whether showings convert into transactions once holiday promotions lapse, and whether the subsidy's cost is treated as a temporary bridge or a standing feature of housing policy.