Beijing reverse policy on property biz

[syed putra]

After destroying it in its haste to reign in on rogue developers.

Beijing acts to support some property developers, boost demand in economy

Apartment buildings under construction in Beijing. China’s policymakers have been trying to stabilise the sector that accounts for a quarter of the economy after a string of defaults among developers and a slump in home sales. – REUTERSPIX
HONG KONG: China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said yesterday, while the state planner said it will boost economic demand and speed up infrastructure projects.

News of the planned state support for some better-quality private developers saw the Hang Seng mainland properties sub-index rise by as much as 10% at one point, before profit taking pared gains.

 

[laksaboy]

China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said yesterday, while the state planner said it will boost economic demand and speed up infrastructure projects.

Doubling down on economic suicide. Unfortunately countries around the world, especially those that have foolishly invested heavily into China, will be adversely affected when the shit hits the fan.

 

[eatshitndie]

if it took them 36.9 years to alter (not reverse) a pathetically piss poor policy (such as the one-child policy) i doubt they can reverse this in 6.9 years.

 

[syed putra]

European companies are still engaging with chinese state own firms for various kinds of manufacturing and processes.