Chinese developers jump after central bank pledges more support for embattled property sector
Newly appointed People's Bank of China governor Pan Gongsheng met Thursday night with executives of eight big developers including Country Garden Holdings, Longfor Group Holdings, and China Resources Land to offer more support.
China's property sector accounts for about a fifth of the economy. Its woes held GDP growth in the second quarter at 6.3% compared with the same period last year – well below forecasts of up to 7.1%.
France Dernières Nouvelles, France Actualités
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