BEIJING -- The Chinese government plans to set up a rescue fund for embattled financial institutions, aiming to prevent a financial crisis triggered by the real estate market slump.
China debt crunch
China to create fund to rescue financial companies
Move meant to avert financial crisis stemming from real estate market slump
The headquarters of property developer Country Garden Holdings in Foshan, China. Country Garden is one of several Chinese developers that are struggling. © Kyodo
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