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International Business Times
International Business Times
Business
AFP News

Chinese Officials Meet To Mull Support For Developers: Bloomberg

A debt crisis in China's property sector has dealt a severe blow to the country's economy (Credit: AFP)

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

The State Council -- the Chinese government's top body -- is seeking input from key industry players as they seek to finalise a strategy, with several developers embroiled in an unprecedented debt crisis.

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