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China's Weak Local Borrowing Raises Hope for More Central Aid

(Bloomberg) -- China’s local governments so far appear reluctant or unable to borrow more despite pressure to stimulate growth, fueling expectations Beijing may pick up their slack and take on more debt.Most Read from BloombergBYD Unveils $233,450 EV Supercar to Rival Ferrari, LamborghiniZelenskiy Says 31,000 Troops Killed as Ukraine Seeks US Aid Decision Within MonthNorwegian Cruise Ship Halted at Mauritius Due to OutbreakBuffett Says ‘Eye-Popping’ Results Unlikely With Rec...
Jing Zhao Jing Wang Inner Mongolia Nei Mongol Bloomberg Businessweek Asia At Standard Chartered Plc
Source: yahoo.com

Chinese banks approve US$17 billion of 'whitelist' loans for property sector

HONG KONG:ย Chinese banks have approved property development loans of US$17.20 billion as part of a special mechanism to inject liquidity into the sector, but detailed statements show some loans to distressed developers are only adjustments of existing credit. Banks are adjusting the repay
Hang Seng Mainland Properties Index Citic Bank Country Garden Commercial Bank

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