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China To Support Housing Project Delivery With Special Loans-Times

CHINA PRESS
MNI (Singapore)

China’s Ministry of Housing and Urban-Rural Development said it will support the construction and delivery of overdue unfinished housing projects through special loans from policy banks, the Securities Times reported on Saturday. Following a wave of mortgage boycotts across the country last month, it is expected that such special loans will leverage bank loans for housing developers, ensuring the delivery and maintaining social stability, the newspaper said, without specifying further details.

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