China extends real estate financing to 4 trillion yuan

China extends real estate financing to 4 trillion yuan

Beijing. China will expand the “white list” of housing projects eligible for financing and increase bank loans for such projects to 4 trillion yuan ($562 billion) this year, Ni Hong, Minister of Housing and Development, announced Thursday. Urban and Rural Development. Urban renewal of cities will also accelerate, with one million “urban villages” to be … Read more