China to support debt issuance for distressed real estate buyouts

Authorities seek to jump start stalled home construction as Evergrande teeters

20211210N China construction

A man works at the construction site of a high-rise building in Beijing. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Chinese regulators will allow property developers to issue debt to fund acquisitions of real estate projects in bid to aid struggling players like China Evergrande Group.

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