Financial institutions are required to timely disburse loans to eligible property projects and meet their reasonable financing needs,Under the "white list" mechanism launched in late January, local authorities are recommending real estate projects eligible for financial support to financial institutions.The mechanism is part of China's efforts to stabilize the sector weighed by debt problems and boost confidence in an industry that accounts for nearly 6 percent of the country's GDP, according to the National Bureau of Statistics. (ICE PECHINO)

Fonte notizia: China Daily