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   djsumdog (djsumdog@djsumdog.com)'s status on Friday, 17-May-2024 22:55:21 JST djsumdog

   in reply to

   • Chris ABRAHAM
   ah yes, the great tofu cities with buildings that are literally (not figuratively) falling apart after three years.
   • Embed this notice
     Chris ABRAHAM (chris@abraham.su)'s status on Friday, 17-May-2024 22:55:22 JST Chris ABRAHAM

     China unveils 'historic' steps to stabilise crisis-hit property sector

     https://www.reuters.com/markets/asia/china-new-home-prices-fall-fastest-pace-over-9-years-2024-05-17/

     > China announced "historic" steps on Friday to stabilise its crisis-hit property sector, with the central bank facilitating 1 trillion yuan ($138 billion) in extra funding and easing mortgage rules, and local governments set to buy "some" apartments.