China is set to give more loans to real estate projects that are on its approved list, as reported by the National Development and Reform Commission during a meeting at parliament on Wednesday. The country plans to introduce a series of steps to manage and reduce debt risks, and will also work on changing existing hidden debts into clearer forms. This means that China is trying to make its real estate market stronger and safer for the future.
China Increases Loans to Real Estate Projects to Reduce Debt Risks
China is increasing loans for approved real estate projects, aiming to reduce debt risks and manage hidden debts, ensuring a healthier market for everyone.
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