By allowing local governments and state-owned enterprises to buy unsold land and housing from distressed developers, China is betting a property slump weighing down the economy can be stopped once and for all.
Experts: China s consumer spending to see positive growth in April chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
A dearth of critical supplies for AI development, exacerbated by Washington’s tech-curtailment moves against China, is seen reflecting the need for a unified and better-funded domestic market.
The property downturn remains a headwind for China’s economy, ratcheting up pressure on developers that are struggling to repay debts and complete projects.
Second-hand housing transaction rebounds in Beijing chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.