LIVE: China Property Crisis: Beijing Pushes Rescue Package | Xi Jinping | Vantage with Palki Sharma​

China's property market is collapsing, with home sales hitting rock bottom. To tackle this crisis, the Chinese government is stepping in as a buyer of last resort. Officials have announced a nationwide scheme where local governments will purchase unsold apartments from developers to convert them into affordable housing. Chinese banks will be offering loans to the state-owned companies to facilitate these purchases. This comes after the Chinese policymakers tried dozens of measures to attract homebuyers and reverse the steep decline of the country's property market. Will this new strategy solve the problem? And will it help developers struggling with billions of dollars' worth of debt? On Vantage tonight, Palki Sharma brings you the full story.


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China | Property Sector Crisis | Rescue Package | Communist Party | Beijing | Xi Jinping | Stock Market | Empty Homes | Firstpost | World News | News Live | Vantage | Palki Sharma | News

#china #propertysector #propertycrisis #rescuepackage #communistparty #xijinping #stockmarket #empytyhomes #firstpost #vantageonfirstpost #palkisharma #worldnews

Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.

The show is anchored by Palki Sharma, Managing Editor, Firstpost.

By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories – making Vantage a destination for thought-provoking ideas.

Vantage airs Monday to Friday at 9 PM IST on Firstpost across all leading platforms.
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