+
People's Bank of China released over $190 bn for lending
Real Estate

People's Bank of China released over $190 bn for lending

The central bank of China has released extra money for lending as the government tries to reassure the public if real estate developers' $310 billion debt collapses.

The People's Bank of China told the media that it has released up to $190 billion for lending by reducing the amount as reserves. This initiative was expected for Evergrande after the company warned that it might run out of cash to pay debts.

According to the economists, the Community Party can avoid a credit crunch but send a wrong signal by bailing Evergrande to force companies to cut down their debt.

The central bank of China told the media that it wants to support the development of a real economy and lower the finance costs for businesses. It added that the reserve cut shows no change from its prudent monetary policy.

Reducing financial risks is a priority for Chinese officials. The first bond default for the communists occurred in 2014. Since then, defaults have increased in hopes of forcing borrowers and investors to be more disciplined.

Image Source

Also read: China’s Evergrande: On a brink of collapse
Also read: China’s Evergrande Group records 70% fall in stocks in a year

The central bank of China has released extra money for lending as the government tries to reassure the public if real estate developers' $310 billion debt collapses. The People's Bank of China told the media that it has released up to $190 billion for lending by reducing the amount as reserves. This initiative was expected for Evergrande after the company warned that it might run out of cash to pay debts. According to the economists, the Community Party can avoid a credit crunch but send a wrong signal by bailing Evergrande to force companies to cut down their debt. The central bank of China told the media that it wants to support the development of a real economy and lower the finance costs for businesses. It added that the reserve cut shows no change from its prudent monetary policy. Reducing financial risks is a priority for Chinese officials. The first bond default for the communists occurred in 2014. Since then, defaults have increased in hopes of forcing borrowers and investors to be more disciplined. Image Source Also read: China’s Evergrande: On a brink of collapse Also read: China’s Evergrande Group records 70% fall in stocks in a year

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?