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The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing. (www.caixinglobal.com)
submitted 2 years ago by to c/china@lemmygrad.ml
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[–] 15 points 2 years ago

Since housing prices are down, I think they will. Although the point of the move was to help the profitable but insolvent developers get some cash flow and complete their existing projects.

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