Loan Curbs Eased for Distressed Developers: Evergrande Update
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China’s central bank stepped up its support for several distressed property developers by allowing banks and bad-debt managers to loosen restrictions on some loans to ease a cash crunch, people familiar with the matter said.
Meantime, Beijing also has signaled a willingness to allow local governments to increase off-balance sheet debt again after a crackdown in recent years to bring it under control.