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An aerial drone photo taken on Jan. 31, 2024 shows the Tian'e Longtan Bridge in south China's Guangxi Zhuang Autonomous Region.■ An aerial drone photo taken on Jan. 31, 2024 shows the Tian'e Longtan Bridge in south China's Guangxi Zhuang Autonomous Region.
Policymakers are trying to boost support for China's real estate market. Evergrande this week was ordered to liquidate after years of attempted restructurings.
Despite a slew of measures rolled out by Chinese regulators recently to boost demand for property, developers are still struggling with weak sales and reported declines of more than 40 per cent in January.
HONG KONG/BEIJING - A state-backed property project in China has received the first development loan under Beijing's so-called "whitelist" mechanism and two major cities have eased home-buying curbs, state media reported, as concerns mount about the liquidation of Evergrande. The latest measures add to a string of supportive policies rolled out by the world's second-largest economy over the past year...
The first development loan has been granted under China's so-called project whitelist mechanism, the country's official Securities Times reported on Wednesday. ...