Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more forceful support to an industry that’s been a major drag on the economy.
There were other positive feedback items happening as well, including local governments relying on development as the major tax base.
China is also likely to see a drop in infrastructure investment in the next generation, so having some of these companies collapse isn’t seen as a major issue in China.
There were other positive feedback items happening as well, including local governments relying on development as the major tax base.
China is also likely to see a drop in infrastructure investment in the next generation, so having some of these companies collapse isn’t seen as a major issue in China.