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news • 5 months ago

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

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The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 5 months ago

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global

www.caixinglobal.com

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing

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nohaybanda [he/him]
·
5 months ago
For comparison US and EU have sunk easily 4 times that in Ukraine.

link
- ashinadash [she/her]
  ·
  5 months ago
  China is spending less here than a single aid package to Israel from the USA.
  
  link

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