Chinese Authorities Attempt To Revive Declining Real Estate Sector

Beijing: The Chinese authorities have planned to use regional bonds to fund their project of purchasing idle land from cash-strapped property developers of China intended for the construction of affordable housing, Nikkei Asia reported.Notably, this move comes at a time when the Chinese economy is currently witnessing a severe dip in the property sector.These special-purpose bonds were first
Beijing: The Chinese authorities have planned to use regional bonds to fund their project of purchasing idle land from cash-strapped property developers of China intended for the construction of affordable housing, Nikkei Asia reported.Notably, this move comes at a time when the Chinese economy is currently witnessing a severe dip in the property sector.These special-purpose bonds were first
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