China to boost financing for approved housing projects to $560 billion to counter property slump
- China will boost housing project financing to four trillion yuan, about $560 billion, to support the real estate sector.
- Housing Minister Ni Hong stated that the housing market "bottomed out" after three years, with increased property sales.
- The measures aim to stabilize the real estate sector, which has faced a crisis since 2021, impacting China’s economy.
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Total News Sources0
Leaning Left6Leaning Right3Center14Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 26%
C 61%
13%
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