China

China property crisis: Beijing drafts 21-point plan to aid developers with financing, debt extensions, state media says


Residential buildings in Zhengzhou, Henan province, China, on January 6, 2023. China is planning to relax restrictions on developer borrowing, dialing back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history. Photo: Bloomberg

Residential buildings in Zhengzhou, Henan province, China, on January 6, 2023. China is planning to relax restrictions on developer borrowing, dialing back the stringent “three red lines” policy that exacerbated one of the biggest real estate meltdowns in the country’s history. Photo: Bloomberg



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