China shores up its property sector, signals more spending is coming

Q: How long will it take to read this news story?

The story "China shores up its property sector, signals more spending is coming" has 663 words across 17 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "China shores up its property sector, signals more spending is coming" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 166 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23004884</li><li>URL: https://beamstart.com/news/china-shores-up-its-property-17287114977039</li></ul>

Business Standard Logo Business Standard 5h ago

China shores up its property sector, signals more spending is coming - Business Standard

Quick Summary:

Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an announced at a briefing Saturday, without giving an amount.

China’s sovereign bonds were seen fluctuating in a small range after the Finance Ministry pledged more stimulus to support the economy but stopped short of giving details.

Fiscal support has been the biggest missing piece in a stimulus package Beijing started to deploy in late September, in an unprecedented push led by the central bank that ranged from interest-rate cuts to aid for the property and stock markets.