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.

https://www.caixinglobal.com/2024-05-18/pboc-to-provide-42-billion-cheap-loans-for-program-to-buy-up-unsold-homes-102197635.html

by Listen2Wolff