People s Bank Of China: The central bank last month set up a 300 billion yuan ($41.4 billion) relending loan facility for affordable housing, and Wednesday s virtual meeting hosted from the city of Jinan in eastern Shandong province is the latest effort to promote the facility among local governments and banks.
The International Monetary Fund raised its forecast for China's growth this year to 5%, from 4.6% previously, due to "strong" first quarter figures and policy moves.
IMF lifts China growth outlook but says more property support needed biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
IMF upgrades China's growth forecast to 5% on 'strong' first quarter and policy measures – NBC Los Angeles nbclosangeles.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbclosangeles.com Daily Mail and Mail on Sunday newspapers.