China's real estate sector points to incipient stabilization: World Bank economist

China's real estate sector has seen signs of incipient stabilization, said Ibrahim Chowdhury, World Bank's acting lead economist for China in an exclusive interview with China Daily.

Due to the government's efforts to fine-tune relevant real estate policies, including relaxation of mortgage quotes, expediting mortgage approvals and loosening credit limits to healthy developers, the latest figure of housing sales and home prices has show signs of recovery.

What other measures do policymakers need to take to ensure a soft landing in the real estate sector? Is China likely to further cut interest rate in the coming months? How can China stimulate consumption?

Watch the video and get the leading economist's insights on these hot economic topics.

Reporter: Hu Yuanyuan

Photographers: Zhao Shiyue and Liu Yuan

Video editors: Zhao Shiyue, Chen Liubing and Zhao Tingting

Supervisors: Wang Yu, Zhang Chunyan and Zhao Tingting

Producer: Sun Shangwu