Chinese authorities attempt to revive declining real estate sector

Beijing [China], August 9 (ANI): The Chinese authorities have planned to use regional bonds to fund their project of purchasing idle land from cash-strapped property developers of China intended for the construction of affordable housing, Nikkei Asia reported.

Notably, this move comes at a time when the Chinese economy is currently witnessing a severe dip in the property sector.

These special-purpose bonds were first roll