On Sunday we noted that Beijing would be employing several schemes to try and put a floor under its spiraling property crisis - chief among them, providing at least 1 trillion yuan (US$137 billion) in low-cost financing to renovate urban villages and build new, affordable housing (which, according to Bloomberg's Ye Xie, George Lei and Henry Ren, might not be enough).
https://www.zerohedge.com/geopolitical/china-picks-50-developers-138-billion-gambit-stem-real-estate-crisis
https://www.zerohedge.com/geopolitical/china-picks-50-developers-138-billion-gambit-stem-real-estate-crisis
On Sunday we noted that Beijing would be employing several schemes to try and put a floor under its spiraling property crisis - chief among them, providing at least 1 trillion yuan (US$137 billion) in low-cost financing to renovate urban villages and build new, affordable housing (which, according to Bloomberg's Ye Xie, George Lei and Henry Ren, might not be enough).
https://www.zerohedge.com/geopolitical/china-picks-50-developers-138-billion-gambit-stem-real-estate-crisis
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