China real estate crisis: Authorities to rescue property developers after homebuyers boycott mortgages - World News

Breaking

Home Top Ad

Post Top Ad

Responsive Ads Here

Thursday, August 4, 2022

China real estate crisis: Authorities to rescue property developers after homebuyers boycott mortgages

China real estate crisis: Chinese authorities are promising to establish an initial rescue fund of $11.8 billion (80 billion yuan) to offset a looming crisis in the real estate sector, where home buyers routinely purchase residences from developers' plans and begin making mortgage payments before the dwellings are finished, media reports said.

from IndiaTV World: Google News Feed https://ift.tt/hzLcqf3

No comments:

Post a Comment

Post Bottom Ad

Responsive Ads Here

Pages