China Ramps up Spending on Housing Projects to $562bn

Quick Summary:

Minister vows to expand its "white list" of housing projects for priority funding, while banks boost lending for developments to 4 trillion yuan ($562 billion) by year-end

The post China Ramps up Spending on Housing Projects to $562bn appeared first on Asia Financial.

China has unveiled further plans to alleviate the long-running property crisis that has weighed down consumer spending and created huge burdens for local governments.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailand

Topics: Market Insights ESG Asia Real Estate World Commodities

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 09:00:55 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 703 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Asia Financial

News ID: 23118710

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