Posted 11/24/2023, 4:24:00 AM
China Drafts 'White List' of Developers to Ease Property Sector Liquidity Crisis
- China drafting a "white list" of 50 property developers for bank financing to help ease liquidity crisis
- Developers on the list could get unsecured short-term loans from banks without needing collateral
- Measures aim to help developers access funds to complete 20 million unfinished housing units
- China's property sector has been in crisis since 2021, weighing on post-COVID economic recovery
- Not everyone convinced "white list" will resolve deeper issues like low consumer demand for housing