ICYMI: China is considering a new funding option for local governments to buy unsold homes ...Middle East

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ICYMI: China is considering a new funding option for local governments to buy unsold homes
Via Bloomberg overnight was the report on moves to further prop up, or try to, China's troubled property sector.While Bloomberg is gated, the basic gist is that China is considering a new strategy to support its struggling real estate market by allowing local governments to use special bonds to purchase unsold homes. Such bonds are typically reserved for projects like infrastructure and environmental initiatives. Local governments have already used over half of this year’s 3.9 trillion yuan ($546 billion) bond quota, and it’s uncertain how much of the remaining funds might be redirected toward buying homes if this plan is approved. This proposal highlights the increasing urgency among Chine

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