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China pledges more financial support for 'whitelist' real estate projects

CNBC
Summary
Nutrition label

85% Informative

China vows to speed up banks lending of 4 trillion yuan ( $561.8 billion ) for real estate projects.

Ni Hong , China 's minister of housing and urban-rural development, delivered the remarks at a press conference on Thursday .

A total of 2.23 trillion yuan has been approved in loans to whitelisted developers.

VR Score

91

Informative language

95

Neutral language

27

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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