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China allocates billions of dollars to bailout its crisis-hit property sector

China allocates billions of dollars to bailout its crisis-hit property sector
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China property crisis: China allocates billions of dollars to bailout its crisis-hit property sector

China has taken decisive measures to tackle the crisis in its property sector, which has been a crucial driver of its economic growth. The People s Bank of China has announced a 300-billion-yuan relending facility to support government-subsidized housing projects. Local state-owned enterprises are encouraged to purchase completed commercial homes to provide affordable housing. Commercial banks have issued significant loans for real estate development and individual housing.

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China Property Crisis: China allocates billions of dollars to bailout its crisis-hit property sector, ET RealEstate

China Property Crisis: The People s Bank of China has announced that it would establish a 300-billion-yuan (about USD 42.25 billion) relending facility for the government-subsidized housing project.

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25 Countries with the Highest Home Ownership Rates

25 Countries with the Highest Home Ownership Rates
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China Developer Fantasia Proposes New Restructuring Terms, Shares Up

China Developer Fantasia Proposes New Restructuring Terms, Shares Up
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