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China Spends $42 Billion To Save Its Slumping Real Estate Market

Only 4% of a 300 billion yuan ($42 billion) relending scheme to help mop up residential inventory has been drawn by local governments and state firms, central bank data

The pull the real estate sector out of the slumber, the Chinese government announced a support package of 300 billion yuan, equivalent to $42 billion. The funding

China has unveiled wide

Beijing is spending $42 billion to save its slumping real estate

China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured

China Attempts to End Property Crisis With Broad Rescue Package

BEIJINGChinese authorities on Friday pledged

‘Disappointing’: China’s US$42 billion plan to buy up unsold

Housing market: China unveils sweeping measures to rescue its

BEIJINGChinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments, in an effort that could help

Beijing is making a bold

China pledges $42 billion in a slew of measures to support the

Beijing is making a bold move to address its faltering real estate sector with a new $42 billion initiative. However, experts warn that this may be insufficient to fully revive

Xi Jinping’s government announced its most forceful attempt yet to rescue the beleaguered Chinese property market, relaxing mortgage rules and urging local

Slow implementation is hampering China

Slow implementation is hampering China’s 300 billion yuan (US$42 billion) plan to have local governments buy up unsold flats to help troubled developers, blunting the

China is fixing housing market with a long gaze

The support package announced Friday features a 300 billion yuan ($42 billion) facility from the People’s Bank of China that will fund bank loans for the state

China's $42 Billion Housing Rescue: Will It Be Enough to Revive the