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What will be the outcome of China's decision on IMF's bailout offer for its real estate sector by the end of 2024?
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Resolution / Starting Odds
Accepts IMF's offer • 25%
Rejects IMF's offer • 25%
Negotiates a different deal with IMF • 25%
No further action • 25%
Official announcements from the Chinese government or major financial news outlets such as Reuters or Bloomberg
Story
China Rejects IMF's $1 Trillion Real Estate Bailout Offer
Aug 5, 2024, 03:18 AM
China has declined an offer from the International Monetary Fund (IMF) to assist in bailing out its real estate sector, citing concerns over creating a 'moral hazard.' The IMF had proposed a $1 trillion package, which China rejected. The IMF, in its recent report, praised China's resilient economic growth and post-pandemic recovery in private consumption. The IMF's suggestion was for China to use its own funds, either by printing money or issuing treasury bonds, to address the financial issues. Additionally, the IMF had asked China to bail out Western struggling banks that hold bonds of failed Chinese real estate developers.
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