The CBIRC expressed confidence that with concerted efforts, “all the difficulties and problems will be properly solved”, the China Banking and Insurance News reported.
The property sector in China, which accounts for up to 30% of economic output, has been in crisis since the slow collapse of the second biggest developer, If home sales do not pick up sufficiently, S&P said, up to one in five of the rated companies face going bust. It also noted that “a series of incidents in Henan” had “sparked homebuyers’ concerns over smooth delivery of pre-sold properties in the industry downcycle”, suggesting falling confidence in the industry afterin protest at not being able to access their accounts.
Bwhahahahaha
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: