NEW YORK ( TheStreet) -- Earlier this year, things appeared to be looking up for Chinese real estate developers who have endured regulatory pressures in recent years from the bubble-fearing Beijing government.At the start of February, the sector breathed a sigh of relief following reports that the nation's central bank had pledged its support for first time homebuyers looking to secure a loan. A number of municipalities, fearing that negative economic fallout would result from a steep housing downturn, have also stepped into the ring, hoping to convince the central government to back away from its restrictive stance.
China Housing ETFs in Dicey Position
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