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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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Tao Ling , Hong Kong , Yan Yuejin , Fantasia Holdings , China Rd Institute , Evergrande Group , People Bank , Kaisa Group , Hong Kong Based South China Morning , Country Garden , E House China Rd Institute ,

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 Ling , Hong Kong , Yan Yuejin , Fantasia Holdings , Evergrande Group , China Rd Institute , People Bank , Kaisa Group , Hong Kong Based South China Morning , Country Garden , E House China Rd Institute ,