Saturday , June 22 2024


China pours billions into crisis-hit property market

18-05-2024 BEIJING/ HONG KONG: China announced “historic” steps on Friday to stabilize its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy “some” apartments. Investors hoped the measures marked the beginning of more …

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