<p>State-backed bonds to support homebuilders. </p><ul><li>200bn yuan in issuance is expected in the second round for this. </li></ul><p>200bn yuan will hardly touch the sides!</p><p>China is trying everything to prop up these zombie firms:</p><ul><li><a href="https://www.forexlive.com/news/chinese-media-report-local-governments-to-buy-houses-part-of-economic-stimulus-measures-20221013/" target="_blank">Chinese media report local governments to buy houses (part of economic stimulus measures)</a></li></ul>
This article was written by Eamonn Sheridan at forexlive.com.
Source link
