China launched multiple initiatives in 2022 to kick-start idling property developments and lift their developers from a funding drought, but at the end of the year only 21% of the country's stalled projects had fully resumed construction, according to a recent survey.
Caixin
China resumed only 21% of stalled housing projects in 2022: survey
Findings show recent credit crunch still hurting confidence in property market
A construction site in Beijing on Jan. 12, 2023. Policymakers and local governments have pledged to resume stalled construction as soon as possible.
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