May 17, 2024CORE
China Unveils Property Rescue Including Purchases of Unsold Homes
China allowed local governments to direct state-owned firms to buy some completed unsold homes for affordable housing and created a 300 billion yuan central-bank relending facility to support the programme.
Sources
- China unveils 'historic' steps to stabilise crisis-hit property sectorReutersENNews article
Included in this issue
OngoingEconomy · 2021
China Property Crisis and Evergrande Collapse
Tracks China's property crisis from Evergrande's 2021 liquidity crunch and default through unfinished housing and mortgage boycotts, Country Garden's debt crisis, Evergrande's liquidation and delisting, government rescue measures, and the 2026 reform of the housing presale system.
9 records9 sources
View full timeline