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China plans real estate fund worth up to $44 billion for distressed sector, source says

China plans real estate fund worth up to $44 billion for distressed sector, source says

The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register Fund size initially to be set at 80 bln yuan -source News comes as regulators scramble to reassure investors Fund alone will not ‘solve all the …

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U.S. new home sales rebound in May; consumer sentiment at record low

U.S. new home sales rebound in May; consumer sentiment at record low

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones/File Photo Register now for FREE unlimited access to Reuters.com Register New home sales rebound 10.7% in May; April data revised up Median house price jumps 15.0% to …

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