The Chinese cities of Qingdao and Suzhou both reversed local policies that were intended to support the ailing real estate sector within 24 hours of policy announcements, South China Morning Post reported Sept. 20. Eased local housing restrictions on Sept. 15 sent China's Hang Seng Mainland Properties Index up 6.9% on Sept. 15, but their reversal on Sept. 16 sent it back down by 2.8%.