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China property shares jump on report of government plans to buy unsold homes

Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a protracted property crisis.

Archived version: https://archive.ph/2jZHi

BrikoX OP Mod , 1 month ago

I praised China in the past for resisting bailing out private companies, but it seems China is as weak as the US in this.

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