China’s 16-Point Plan to Rescue Its Ailing Property Sector
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China’s sweeping rescue package to salvage its real estate market is detailed in a 16-point playbook for finance officials across the country.
The initiatives range from addressing the liquidity crisis faced by developers and a “temporary” easing of a signature restriction on bank lending, according to people familiar with the matter. It marks all-round efforts to bail out the real estate market, which central bank Governor Yi Gang said he hope would have a “soft landing” after recent data showed improvement.