Rural China's farming potential could be unlocked by mortgages
Shanghai
HERE'S one way to unleash the economic potential of rural China: implement reforms that encourage farmers to take out mortgages.
Doing so would offer the nation's near 900 million rural residents a new channel to raise capital to fund innovation and entrepreneurship, according to a report published by the Paulson Institute. That's because land use rights are a main constraint to farmers getting credit - even after major reforms since 2003, according to the report.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co