SHANGHAI -- China will ease its "three red lines" policy restricting borrowing by property developers, a central bank official said Friday, as part of a plan to help the embattled industry.
China debt crunch
China relaxes 'red lines' on property sector borrowing in policy pivot
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Unfinished apartment buildings in Guilin in September 2022. Headwinds in the real estate industry have had a widespread economic and financial impact in China. © Reuters
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