China plans $137 billion of new funding to boost housing market

China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation’s urban village renovation and affordable housing programs. The People’s Bank of China (PBOC) will inject funds in phases through policy banks, with the money ultimately trickling down to households for home purchases. China's injection of 1 trillion yuan ($137.22 billion) into urban development initiatives is set to significantly impact the timber import landscape. The move is anticipated to trigger a notable uptick in timber demand, propelled by heightened construction activities. This surge may open up ...

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