China to boost credit for property market

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BEIJING — China said Thursday it would boost the credit available to the ailing property market by the end of the year and help renovate a million homes as unveiled its latest measures to shore up the struggling sector.

Beijing will “increase the credit scale of white-list projects to 4 trillion” yuan ($562 billion) by the end of the year, Housing Minister Ni Hong said at a briefing in the Chinese capital.

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