China considers government purchases of unsold homes, Bloomberg News reports

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China considers government purchases of unsold homes, Bloomberg News reports
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- China is considering a plan to have local governments across the country buy millions of unsold homes, Bloomberg News reported on Wednesday, as a protracted property crisis weighs heavily on the world's second-largest economy.The State Council is gathering feedback on the preliminary plan from various provinces and government bodies, the report added, citing people familiar with the matter.

Officials in China are debating the plan's details and feasibility, and it could take months for it to be finalised, if the country's leaders decide to go ahead, the report said.

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