Chinese authorities reject $1-trillion housing rescue plan pitched by IMF

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

The story "Chinese authorities reject $1-trillion housing rescue plan pitched by IMF" has 900 words across 33 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Chinese authorities reject $1-trillion housing rescue plan pitched by IMF" was covered 16 hours ago by Business Mirror, a news publisher based in Philippines.

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

Business Mirror is a fully independent (privately-owned) news outlet established in 2005 that covers mostly business and startups news. The outlet is headquartered in Philippines and publishes an average of 25 news stories per day. It's most recent story was published 11 hours ago.

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

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this 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: #21907491</li><li>URL: https://beamstart.com/news/chinese-authorities-reject-1-trillion-172270240079</li></ul>

Business Mirror Logo Business Mirror 16h ago

Chinese authorities reject $1-trillion housing rescue plan pitched by IMF - Business Mirror

Quick Summary:

Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy.

Across the country, tens of millions of apartments that are already sold to households have been delayed because struggling property developers aren’t able to finish them, according to estimates by economists including Nomura Holdings Inc.’s Lu Ting.

Chinese authorities reject $1-trillion housing rescue plan pitched by IMF NEW apartment buildings in Zhuhai, China.