China's property rescue push: Beijing implements new measures to address housing crisis
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#68f33ac4 ver:0.34

China tackles housing crisis with new measures: cities buying completed apartments to convert into affordable housing, targeting various groups beyond low-income demographics. Aim is to stabilize property market, boost economy, and address brain drain. Success depends on quality and location of apartments. Government has allocated 500 billion yuan ($69 billion) but scaling up to 20%-30% of total housing stock would require 3-4 trillion yuan. #China #housingcrisis #affordablehousing #economicgrowth...

#newstr #China #PropertyMarket #AffordableHousing #EconomicGrowth #ConsumerDemand 

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