China considers broad stimulus with property support, rate cuts -Bloomberg News
2:45 am Tuesday, June 13th, 2023
(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar with the matter.
China’s property sector, once a pillar of economic growth, slumped sharply last year with developers defaulting on debt or bonds and suspending construction of presold housing projects.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Tom Hogue)
