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China Reportedly Drops ‘Three Red Lines’ Policy that Sparked Property Crisis, Developer Shares Soar
Summary by The Straits Times
4 Articles
4 Articles
The overturned debt limitation rule for real estate developers is considered to be the trigger of the serious crisis in the industry. Experts, however, dampened the hope for a quick recovery.
·Düsseldorf, Germany
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China reportedly drops rules that sparked property crisis, developer shares surge
HONG KONG — Chinese property developers are no longer required to report monthly data related to the country's "three red lines" policy, local media said on Thursday (Jan 29), an apparent end to rules which triggered a major debt crisis that continues to this day.Shares in several real estate developers surged on the news, with China Aoyuan jumping by a...
·Singapore
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Coverage Details
Total News Sources4
Leaning Left0Leaning Right2Center0Last UpdatedBias Distribution100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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