China will loosen access to its housing provident fund, a pool worth as much as CNY 10.9 trillion, or approximately $1.6 trillion, as the property downturn and weak consumption weigh on the economy. Rules taking effect next month will allow withdrawals for major housing expenses including decoration and renovation, while also easing rent-related withdrawals. The measures are the first concrete policy response after Premier Li Qiang called for stronger support and could help activate largely idle capital, although economists warn that drawing down forced savings may reduce future home down payments and may not spur renovation spending while jobs and economic prospects remain uncertain.