China's property sector is pulling back away from the abyss.
China's property sector is pulling back away from the abyss. Beijing is starting to bring out the bigger guns to ensure this sector doesn't derail the economy's more gradual growth outlook. Stable financing to builders + low cost financing to homebuyers + Singapore-style mass housing devt program.
Sunac China jumps 8% in Hong Kong as the property developer is expected to satisfy restructuring conditions.
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