China Is Trying to Fix Its Property Market. The Outlook Isn’t Bright.

New home prices in China’s 70 big cities fell for a sixth month and values in the secondary market declined the most in nine years. Policy makers are trying out a wide range of measures to stabilize the vital sector—with many experts predicting underwhelming results. China’s priciest housing markets, Beijing and Shanghai, relaxed homebuying policies to boost the market.