After prolonged dithering, China has finally announced steps to address the near collapse of its mammoth property sector by allocating billions of dollars to buy back unsold homes and repurchase idle lands to resurrect its bankrupt real estate sector, which once constituted the mainstay of its economic growth.
The People's Bank of China has announced that it would establish a 300-billion-yuan (about $42.25 billion) relending facility for the governmentsubsidized housing project.
Local state-owned enterprises are encouraged to use the funds to buy reasonably-priced commercial homes that have completed construction, Tao Ling, deputy governor of the People's Bank of China, told the media last week. Tao added that these homes will then be used to provide affordable housing.
Bu hikaye Millennium Post Delhi dergisinin New Delhi 20May2024 sayısından alınmıştır.
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Bu hikaye Millennium Post Delhi dergisinin New Delhi 20May2024 sayısından alınmıştır.
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