The real estate sector in China receives quarter-dollar support:
the new home sales market witnessed throughout the past month by 34.2% on an annual basis

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Strengthening the Chinese economy

Support steps

Agricultural Bank of China

Strengthening the Chinese Economy

Chinese President Xi Jinping provided economic support to extricate the real estate sector from the crisis,
which represents pressure on growth in the appropriate sector of the Chinese economy,
an attempt to revive a sector that represents 20% to 25% of the Chinese gross domestic product,
as that percentage also includes the real estate market and represents the demands of the sector.
Real estate of the total steel production in China accounts for 30% to 35% of the total steel production.

Support steps

Chinese banks provide the majority of the support to support the real estate sector
in providing support estimated at 60 billion yuan ($8 billion),
as it is directed to support the real estate banks and the real estate sector,
which is witnessing the worst year ever,
and investors’ opinions indicate that the current support may only witness and succeed.
It is not enough to revive the real estate sector.

Agricultural Bank of China.

The “Agricultural Bank of China” agreed to provide the equivalent of $40 billion
to support Yuan Bank’s approved real estate projects listed on Ryan, including 50 companies.
This was stated in a statement by the bank on Monday,
and the “China Construction” Company also announced the provision of $3 billion to Yuan One Bank.
It is ready to provide 20 billion to support struggling companies in
handing over their units and approving them in the white report,
as confirmed by local reports, “Industrial Industrial and Commercial of China”
and “Bank of China” to provide support for some projects on them,
but there were no statements about the value provided.

However, the Chinese authorities helped stem the heat in this sector,
which represents almost a quarter of the GDP, and the new home sales market witnessed
throughout the past month by 34.2% on an annual basis.

The real estate sector in China receives quarter-dollar support

The real estate sector in China receives quarter-dollar support

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