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@filoria@lemmy.ml to World News@lemmy.ml • 11 months ago

China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF

www.bloomberg.com

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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF

www.bloomberg.com

@filoria@lemmy.ml to World News@lemmy.ml • 11 months ago
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China Rejects $1 Trillion Housing Rescue Package Proposed by IMF
www.bloomberg.com
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Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy.
  • @ZombiFrancis@sh.itjust.works
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    fedilink
    9•11 months ago

    Isn’t the rate of homeownership like 95%? Seems like a tough market.

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