China to Offer Special Loans to Troubled Property Developers
This article is for subscribers only.
China will offer special loans through policy banks to ensure property projects are delivered to buyers, adding to signs of official support for an industry grappling with a debt crisis and slumping home sales.
The help will be extended only to projects facing difficulties with delivery, the official Xinhua News Agency reported Friday, citing a statement jointly issued by China’s housing ministry, Finance Ministry and the People’s Bank of China.