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Tag: hina Real Estate Business

China has announced policies designed to shore up its ailing property sector.
Business
  • DW
  • May 18, 2024
China tries drastic measures to boost ailing property sector

Property and construction accounts for more than a quarter of China’s gross domestic product, but the sector has been under unprecedented pressure since 2020, when authorities tightened developers’ access to credit in a bid to cut debt.

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