Central Bank of China eases lending

China’s economy continues to sputter

China’s central bank eased lending requirements by freeing up more liquidity to its banks, according to Bloomberg. All this does is accelerate China’s crackdown of the $16 trillion shadow banking sector. Tough times ahead.

Why it matters: The absence of China in the investment sales market has made its mark. Alternative capital sources are finally filling the void. 

Quotable: SL Green’s Andrew Mathias told CO on the recovering investment sales market: Despite a decrease in sales volume, the pricing for NYC assets “has not eroded” significantly. Although foreign investment “took a step back, it took six months or so for the market to gather itself”. The uptick in recent activity is a positive sign for the market.

Where we stand: Sales volume is back up! In the first three months of this year, the city saw more than $12 billion worth of investment sales.