China Signals More Economic Aid After Property Debt Relief
- Financial firms to provide one-year loan extension to builders
- State media suggest more steps to help real estate are likely
This article is for subscribers only.
China signaled more economic support measures are imminent after authorities took a small step toward supporting the ailing property market by extending loan relief for developers.
Top state-run financial newspapers ran reports Tuesday flagging the likely adoption of more property supportive policies, along with measures to boost business confidence.