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China’s 16-Point Plan to Rescue Its Ailing Property Sector

Bloomberg business news
China Plans Sweeping Rescue Policies for Property Market

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.