China offers easier loans to encourages acquisitions of projects from distressed property developers

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China is making it easier for property developers to borrow from banks to acquire projects from troubled real estate firms, the latest efforts to address the unprecedented liquidity crunch in the sector.

Some large Chinese property developers with relatively healthy fundamentals have been told by banks that loans for them to acquire projects from real state companies in trouble will not be included in metrics that are subject to restrictions of "three red lines", reported . . .

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