Since 2023, more than 30 cities in China have expressed support for the "trade-in" of houses. For "special commodities" such as housing, the operation of "exchanging old products for new ones" is more difficult than that of mobile phones, home appliances and other commodities.
clearing transaction barriers and promoting circulation are of great benefit to the overall The effect of restoring market vitality will also be greater, says Pang Wuji of the China Index Research Institute. "You can't sell an old house, and you can't buy a new one," he says.