Posted inChina

China lends helping hand to cash-starved property developers

HONG KONG – China’s government is signaling stronger support for property markets by cutting banks’ reserve requirement ratios (RRR), a move that will allow for more lending to companies and homebuyers, and a possible relaxation on property market curbs next year. The RRR cut, which will inject 1.2 trillion yuan (US$188.4 billion) into the economy […]

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