LIVE | China Economy: Grim Warning on Housing Market from Beijing

LIVE | China Economy: Grim Warning on Housing Market from Beijing

China has extended a grim warning on its housing market. In a press briefing, China’s housing minister says measures rolled out recently have already led to warming of property market and that they will focus on policy implementation. The ministry also said that China will expand its “whitelist” of real estate projects and speed up bank lending for these unfinished developments to 4 trillion yuan ($561.8 billion) by the end of the year.

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