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China boosts credit to shore up property market 

CNA
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China says a painful downturn in its property sector has bottomed out after three years of adjustment. The housing minister Ni Hong struck a positive tone at a much-anticipated press briefing in Beijing on Oct 17. Mr Ni confirmed that credit support for unfinished housing projects will nearly double to four trillion yuan or about US$560 billion by the end of the year.
CNA's Tan Si Hui reports.

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16 окт 2024

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Комментарии : 7   
@ArabicReja973
@ArabicReja973 2 часа назад
Shocking numbers of China's Evergrande are only the beginning, not the end, of a Great Fall of 🇨🇳China: - Evergrande's $340 billion debt is more than the GDP of Vietnam. - *Empty apartments,* mostly unfinished, are sufficient to house the population of Germany. - The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of 40 countries. - It lost 80% of its market value on the first day of resuming trading after 16 months of absence. - Evergrande said, as of June, it received more than *2,200 lawsuits,* totaling $73.40 billion in liability. - This year, a Hong Kong court ordered it to liqudate. This is not only an end of a shady Chinese company but also a China's era.
@Buttercookies0
@Buttercookies0 6 часов назад
Bottomed out?? Be careful of further "traps".
@Gw2kitty
@Gw2kitty 8 часов назад
RMB printing in hyperdrive and copies.
@SoBiased
@SoBiased 8 часов назад
Good the house is for India people 😂😂
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