BEIJING -- China's government pledged on Saturday to support property developers in distress with "reasonable financing," but not those facing insolvency.
China People's Congress
China housing chief pledges 'reasonable' aid for distressed developers
Ni Hong says some should be 'declared bankrupt or undergo restructuring'
A person walks past Central Plaza, an unfinished development by China Evergrande Group, in Shijiazhuang on Feb. 1. © Reuters
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