China Mulls $137 Billion of New Funds to Aid Troubled Housing Market
November 15, 2023
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2:28Now PlayingChina Mulls $137 Billion of New Funds to Aid Troubled Housing Market
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as posted by the channelBloomberg has learned that China plans to provide at least 1 trillion yuan ($137 billion) of low-cost financing to the nation’s housing program. This would mark a major step-up in Beijing’s effort to boost economic growth and to put a floor under the biggest property downturn in decades. Stephen Engle reports on Bloomberg Television.
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