Your current location:HOME >health >China rolls out new measures to fix its property crisis, spur growth 正文
TIME:2024-05-18 00:13:39 Source: Internet compilationEdit:health
China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after
China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year.
Among other things, the central bank said it would reduce the minimum down payment for mortgages and remove the floor on interest rates for first and second homes.
China’s housing market has slumped after a crackdown on excessive borrowing by property developers several years ago, dragging along a wide range of other businesses — such as home furnishing, appliances and construction — and slowing growth in the world’s No. 2 economy.
Dozens of developers, whose legions of high-rise apartments have transformed urban landscapes across China, have defaulted on their debts. Many projects have just stalled, unfinished.
He Lifeng, a vice premier, said officials would roll out policies to suit each city and “fight the tough battle of dealing with the risk of unfinished commercial housing.”
Buy Uncle Monty's Rolls2024-05-17 23:58
Kansas' governor vetoes a bill for extending child support to fetuses2024-05-17 23:12
Emotional Mbappé confirms he will leave PSG ahead of an expected move to Real Madrid2024-05-17 23:03
Bully influencer Katherine Asplundh's billionaire in2024-05-17 22:57
Grandmother, 80, is rushed to hospital with severe dehydration after drinking Devon's dirty water2024-05-17 22:56
Nursery worker accused of killing nine2024-05-17 22:27
Patrick Corbin gets 1st win of season, Nationals beat Red Sox 52024-05-17 22:00
Sean Burroughs, former MLB player, Little League World Series and Olympic champion, dies at 432024-05-17 21:58
China's tech firm Huawei hosts roundtable on cybersecurity in Dubai2024-05-17 21:55
Clarence Thomas says critics are pushing 'nastiness'2024-05-17 21:39
Damaged air valve in field of cattle is blamed as the source of Devon's parasite outbreak2024-05-18 00:06
Teen and Miss USA quit their crowns, citing mental health and personal values2024-05-18 00:05
Kuwait's emir dissolves parliament again, amid political gridlock in oil2024-05-17 23:41
Nursery worker accused of killing nine2024-05-17 23:14
Couples' therapist reveals the 10 signs you're in a healthy relationship2024-05-17 22:27
Kentucky prosecutor accused of trading favors for meth and sex pleads guilty to federal charge2024-05-17 22:12
Woman sentenced to 55 years for death of longtime friend stabbed nearly 500 times2024-05-17 22:10
Prince Harry heads to airport to leave the UK before Nigeria tour with Meghan2024-05-17 22:10
Atlanta officer charged with killing his Lyft driver2024-05-17 22:09
Patrick Corbin gets 1st win of season, Nationals beat Red Sox 52024-05-17 21:51