China property: Beijing launches US$41 billion of funds to buy unsold homes in major drive to rescue housing market

by Yulu Ao and Ji Siqi at scmp.com Beijing has announced 300 billion-yuan (US$41.5 billion) in funding to help clear excess housing inventory, as well as measures to ensure developers have access to financing and that homes are delivered on time, as China embarks on its most ambitious effort yet to rescue the property sector and shore up […]