Latest news with #centralgovernment
Reuters
23-05-2025
- Business
- Reuters
China issues funds to safeguard agriculture from disasters
BEIJING, May 23 (Reuters) - China's recently disbursed 1.4 billion yuan ($194.42 million) of central government funds earmarked for agricultural production disaster prevention and relief, according to a statement from the Agriculture Ministry on Friday. The funds from the Agriculture Ministry and Finance Ministry will support 30 provinces including Heilongjiang, Jiangsu, Anhui and Henan, according to the statement. The central government will focus on providing appropriate subsidies for pesticides, equipment and unified services for disaster prevention and control. ($1 = 7.2008 Chinese yuan renminbi)
Bloomberg
08-05-2025
- Business
- Bloomberg
China Weighs Housing Market Overhaul to Curb Pre-Sales
China is mulling a dramatic overhaul in the way homes are sold nationwide, requiring developers to offer only completed properties instead of using the pre-sales model that has exacerbated the housing crisis, according to people familiar with the matter. The initiative, which hasn't been finalized, is part of a 'new model' of real estate development being formulated by the central government, the people said, asking not to be identified discussing a private matter.
