Category: rotten tail buildings

China Rolls Out Unprecedented Plan to Rescue Ailing Property Sector

November 20, 2022
Asia & PacificChinaChina Business & EconomyChinese RegimePeople’s Bank of Chinareal estate rescuerotten tail buildingsSocial IssuesWorldXi Jinping
0 Comment

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…

Read More

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

July 29, 2022
ChinaChina Business & EconomyChina real estate marketChinese Regimereportersrotten tail buildingsSocial Issues
0 Comment

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…

Read More