China's new rescue package for real estate market; latest notice includes 16 measures
Edited By WION Video Desk
Published: Nov 12, 2022, 21:20 IST | Updated: Nov 12, 2022, 21:20 IST
China has unveiled a new rescue package to aid its declining real estate market. This comes after the country is facing a deepening liquidity crunch. China's top financial regulators issued a joint notice to banks across the country. They laid out a plan to ensure these stable and healthy development of the property sector.
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