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rotten tail buildings – XtremeCuztoms

Category: rotten tail buildings

China Rolls Out Unprecedented Plan to Rescue Ailing Property Sector

November 20, 2022
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China’s financial regulators last week issued an unprecedented 16-point plan to rescue the country’s floundering real estate market. The People’s Bank of China and the China Banking and Insurance Regulatory Commission jointly issued the plan in a note to financial institutions to support real estate companies. The policy is being seen as the most powerful…

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China Collects $44 Billion to Save Real Estate Developers, 500,000 Presale House Buyers Stop Mortgage Payments

July 29, 2022
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China plans to collect up to 300 billion yuan (about $44.4 billion) to support real estate developers struggling to finish their projects, while over half a million buyers stopped mortgage payments on their unfinished homes in July. The fund is collected by China’s State Council, financial information platform REDD reported on July 26. The China Construction…

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