China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF
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China Rejects $1 Trillion Housing Rescue Package Proposed by IMF
https://www.bloomberg.com/news/articles/2024-08-02/china-rejects-1-trillion-housing-rescue-package-proposed-by-imf
Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy.