China Property Crisis LIVE | Beijing Pushes Rescue Package | Xi Jinping | Vantage with Palki Sharma​

China's property market is collapsing, with home sales hitting rock bottom. To tackle this crisis, the Chinese government is stepping in as a buyer of last resort. Officials have announced a nationwide scheme where local governments will purchase unsold apartments from developers to convert them into affordable housing. Chinese banks will be offering loans to the state-owned companies to facilitate these purchases.
This comes after the Chinese policymakers tried dozens of measures to attract homebuyers and reverse the steep decline of the country's property market. Will this new strategy solve the problem? And will it help developers struggling with billions of dollars' worth of debt?
#china #propertysector #propertycrisis #rescuepackage #communistparty #xijinping #stockmarket #empytyhomes #palkisharma #worldnews #news18live
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[@Toddnesbitt]

Yeah I remember what it was like in school myself in Michigan it was terrible Is air conditioning out of the question I mean even some sort of light air conditioning just to knock it down a little to make it somewhat tolerable? I'd imagine electricity is a lot of money but I would think in the near future India is going to be doing really good.

[@user-ft2km6yr7s]

Gracia's My Favourite News Reporter!

[@Toddnesbitt]

By the way I love your show, I think you're really great.