China’s Government Is Expected To Buy 24% Of All Residential Real Estate For Sale In 2017

China’s Government Is Expected To Buy 24% Of All Residential Real Estate For Sale In 2017:

Of all the residential floor space sold in China last year, 18% was purchased by the government. The share could reach 24% this year – an unprecedented government bailout scheme – which is taking place even as Chinese property sales posted their first decline since March 2015.

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