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Showing posts with the label developers

7 Best Christmas Tree Stands in 2022

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Believe it or not, a Christmas tree won't stay upright on its own. Instead, you need a stable Christmas tree stand that can accommodate the type and size of tree you have. We researched dozens of the best Christmas tree stands to help you find the right one for your needs, whether you have a real tree, an artificial tree, a small tree, or a behemoth. The stands in our guide have a track record of durability, performance, and easy setup. We also outline the size and type of tree each stand is meant for. Check out our guide to the best Christmas tree skirts once you've chosen the right stand for your tree. The best Christmas tree stands in 2022 Best Christmas tree stand overall: Krinner Tree Genie Christmas Tree Stand, available at Amazon, $82.79 The German-engineered Krinner Tree Genie Christmas Tree Stand is easy to set up in a couple of minutes and keeps trees up to 12 f...

China’s ‘most comprehensive’ rescue package for property sector lifts stocks, bonds

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Unfinished apartment buildings at a residential complex developed by Jiadengbao Real Estate, in Guilin, Guangxi Zhuang Autonomous Region, China, on Sept. 17. STAFF/Reuters Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the sector in its latest attempt to stabilize a key pillar for the world’s second-largest economy. The package, which sources say lays out multiple financing measures for the cash-strapped industry, was hailed by analysts as a “turning point” with one even describing it as the equivalent of “soaking rain after a long drought.” China’s property sector, which accounts for a quarter of the economy, has struggled with defaults and stalled projects, hitting market confidence and weighing on growth. Previous efforts by policy-makers to help ease the cash crunch have done little to bolster the property market. The plan comes nearly a month after Chinese President Xi Jinpin...

Chinese banks pledge US$162-billion in new credit to property developers, triggering rally in shares

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Unfinished apartment buildings at a residential complex in Guilin, Guangxi Zhuang Autonomous Region, China, on Sept. 17. STAFF/Reuters China’s biggest commercial banks have pledged at least US$162-billion in fresh credit to property developers, bolstering recent regulatory measures to ease a stifling cash crunch in the sector and triggering a rally in property shares. Three state-owned banks lined up around US$131-billion worth of credit lines to developers on Thursday, a day after three other lenders committed US$31-billion, responding to Beijing’s call for support. The authorities have been stepping up measures in recent weeks to support developers, after many defaulted on their debt obligations and were forced to halt construction. Economic prospects are also worsening due to renewed COVID-19 lockdowns and other curbs in cities nationwide. China reported record high COVID-19 infections on Thursday. The massive, co-ordinated injection of liquidity into the property sector buoyed t...

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