The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.
www.caixinglobal.com PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global
PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing
![PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global](https://lemmy.ml/pictrs/image/112ae55c-7302-4b65-ac17-c200f4ed0489.jpeg?format=webp&thumbnail=256)
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