Real Estate

China sets the tone on real estate, local government support

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A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.

Edgar Su | Reuters

BEIJING — China signaled support for property developers and resolving local government debt problems in a high-level financial meeting that ended Tuesday, according to a state media readout.

Such twice-a-decade financial work conferences tend to set long-term policy directions, which then pave the way for more detailed moves.

“Policymakers emphasized that private and state-owned property developers would be treated equally and their reasonable funding…



Source cnbc.com

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