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China Mulls Government Purchases of Unsold Homes to Ease Glut

(Bloomberg) China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesOpenAI Chief Scientist Ilya S

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Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market

Fiscal Bazooka: China Considers Buying Millions Of Homes To Save Property Market
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China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market

China property: Hangzhou, the headquarters of Alibaba and Geely, mulls buying unsold homes to boost market
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China considers government buying of unsold homes to save property market

China considers government buying of unsold homes to save property market
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China's central bank drops hints at future bond trades, answering calls for muscular monetary action

The People’s Bank of China has indicated its approval for trading treasury bonds on the secondary market, signalling more robust action to boost liquidity and fuel growth is no longer out of the question.

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