China considers government buying of unsold homes China considers government buying of unsold homes to save property market
https://www.reuters.com/world/china/china-considers-government-purchases-unsold-homes-bloomberg-news-reports-2024-05-15/
Excerpt
May 15 (Reuters) - China is considering a plan for local governments nationwide to buy millions of unsold homes, Bloomberg News said on Wednesday, after a meeting of leaders of the ruling Communist Party called for efforts to clear mounting housing inventory.
The State Council is gathering feedback on the preliminary plan from various provinces and government bodies, the report added, citing people familiar with the matter.
….
Officials in China are debating the plan's details and feasibility, and it could take months for it to be finalised, if the country's leaders decide to go ahead, the report said.