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People's Bank Of China: The central bank last month set up a 300 billion yuan ($41.4 billion) relending loan facility for affordable housing, and Wednesday's virtual meeting hosted from the city of Jinan in eastern Shandong province is the latest effort to promote the facility among local governments and banks.
China In Perspective: From trade-ins to affordable housing plans, China's innovative approaches to destock housing inventory-
China is actively exploring new ways to reduce its housing inventory such as promoting trade-in programs and encouraging government-backed purchases
China is actively exploring new ways to reduce its housing inventory such as promoting trade-in programs and encouraging government-backed purchases
From trade-ins to affordable housing plans, China's innovative approaches to destock housing inventory-