China mulls $137 bn new funds for housing market

China mulls $137 bn new funds for housing market

China is actively evaluating the option of allocating $137 billion in new funds to bolster its housing market. The move comes as a measure to address the challenges faced by the real estate sector in China. The funds would be utilized to provide financial support for property developers and potential buyers, helping to stabilize the housing market. The decision is seen as a way to stimulate economic growth by ensuring stability in the housing sector, which plays a crucial role in China’s economy. Experts believe this move will assist in addressing the issue of unaffordability of housing for many Chinese citizens and boost the overall economy.

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