Today news
About the same in other media
China rejects IMFs $1 trillion housing rescue plan
Reading now: 662
industry that's been a major drag on the economy.
The IMF called on China to deploy «one-off» fiscal resources to complete and deliver pre-sold properties or compensate homebuyers, according to an annual review of the its economy published on Friday. It put the cost at 5.5% of GDP over four years. That would amount to almost $1 trillion based on last year's GDP, according to Bloomberg calculations.
«We Should continue to apply market-based and rule-of-law principles in completing and delivering these units,» said Zhang Zhengxin, the IMF's executive director for China. Bloomberg
(You can now subscribe to our Economic Times WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
Day after Putin's visit, Azerbaijan applies to join Russia and China in the BRICS alliance abcnews.go.com /4 months ago
China says ‘please stop buying our bonds’ livemint.com /4 months ago
China maneuvers for pole position in robotaxi race livemint.com /4 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
