SHANGHAI -- China's biggest commercial banks are prepared to extend over 130 billion yuan ($18 billion) of financing for real estate projects, new disclosures show, in response to the government's latest call to support the ailing property sector.
China debt crunch
China real estate crisis: Banks to lend $18bn for 'white list' projects
Top lenders answer government's call for fresh financing
China Construction Bank is financing nearly 100 real estate projects on a newly created government white list. © Reuters
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