Current location:opinions >>
China rolls out new measures to fix its property crisis, spur growth
opinions4People have gathered around
IntroductionChina 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.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Glossary news portal”。http://faroeislands.bankruptcyintn.com/content-10a599414.html
Related articles
Beware the lovers' tiff... Couples' rows reach fever pitch after nine minutes
opinionsIf you're eight minutes into a screaming row with your partner, it might be advisable to call an imm ...
【opinions】
Read moreFrench Open: Players deal with the stress of schedule
opinionsPARIS (AP) — For 2021 U.S. Open runner-up Leylah Fernandez, the biggest question at this rainy-as-ca ...
【opinions】
Read moreChina's Anhui emerges as popular destination for foreign investors
opinionsHEFEI, May 31 (Xinhua) -- Once known primarily for its agriculture, east China's Anhui Province is b ...
【opinions】
Read more
Popular articles
- Paris Olympics: What to know and who to watch during the 3X3 basketball competition
- Improving energy resilience in Pakistan could avert 175,000 deaths by 2030, UNICEF says
- AP Week in Pictures: Europe and Africa
- Inside the courtroom as Donald Trump learned of conviction
- Jude Bellingham's family turned up at Wembley FIVE HOURS before kick
- UN refugee chief says 114 million have fled homes because nations fail to tackle causes of conflict
Latest articles
Another Michigan dairy worker has bird flu, the third US case this year
A pair enjoyed pricey meals and bolted when it was time to pay. Their dine and dash ended in jail
Fitness expert critiques Zac Efron's exercise routine
Federal rule on Title IX is a ruse to require trans sports participation, GOP states say
Paris Olympics: What to know and who to watch during the canoe/kayak competition
Donald Trump's hush money trial, in photos
LINKS
- LIV Golf player Richard Bland makes senior major debut and ties for lead at Senior PGA Championship
- Holocaust museum will host free field trips for eighth graders in New York City public schools
- Nessler's pinch hit in 10th lifts UCF to 7
- Nessler's pinch hit in 10th lifts UCF to 7
- Navas announces his retirement from the Costa Rica national team after 16 years and 3 World Cups
- LIV Golf player Richard Bland makes senior major debut and ties for lead at Senior PGA Championship
- 6 killed in Idaho crash were agricultural workers from Mexico, officials say
- Vietnam fire: At least 14 killed in apartment building in Hanoi
- Schulze homers twice, leads California to 7
- Bazzell's RBI double, Washburn's 3 RBIs help Texas Tech beat Cincinnati 10