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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.

Tao lingHong kongYan yuejinFantasia holdingsEvergrande groupChina rd institutePeople bankKaisa groupHong kong based south china morningCountry gardenE house china rd institute

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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Tesla | China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing

Tesla | China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
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China lifts restrictions gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing

(This story has not been edited by THE WEEK and is auto-generated from a PTI

United statesLi qiangElon muskChen jinzhuHozon new energy automobileChina dailyInternational automotive exhibitionShanghai mingliang auto serviceChina association of automobile manufacturersPremier li qiangChina associationAutomobile manufacturersCoordination centreChinese premier li qiangChina councilInternational trade automobile