[Anchor] China, which has been pouring out stimulus measures to achieve its growth target of around 5%, has now set its sights on the real estate market. It will inject an additional 340 trillion won into construction sites that are struggling financially, and has also come up with a plan to redevelop 1 million houses. This is Kang Jeong-gyu, a special correspondent in Beijing. [Reporter] Half-built concrete structures are left as eyesores. This is the construction site of an apartment complex in Country Garden, which was once the number one real estate company in China but has defaulted. The Chinese government is selecting construction sites with potential for recovery and injecting funds. These are so-called “white list” loans. Over 427 trillion won has been invested since the beginning of the year, and an announcement has been made that an additional 340 trillion won will be increased by the end of the year. [Ni Hong / Director of Housing, Urban and Rural Development: All eligible real estate projects should be included in the “white list,” and as many loans as possible should be provided.] It has also come up with a plan to rebuild 1 million old houses. This is an extension of the previous stimulus measures to lower the interest rate on housing loans by 0.5%p and reduce the deposit ratio to 15%. [Tao Ling / Vice Governor of the People's Bank of China: We will save 150 billion yuan in interest expenses and benefit 50 million households and 150 million people.] The real estate market was actually bustling during the National Day holiday with advertising slogans like, "Housing prices have hit rock bottom." Since the announcement of the so-called "9/24 measures," funds from the stock market, which has surged by around 30%, are also flowing into real estate. [Jang Jing / Home Buyer: The Chinese stock market is really good these days. Using this as leverage, I was able to earn enough money to pay the deposit.] Chinese state-run media is also blowing the wind out of the blue, saying that over 10,000 houses have been sold in the southern metropolis of Guangzhou alone. This is Kang Jeong-gyu from YTN in Beijing. Filming and editing; High-quality design; Lee Na-young YTN Kang Jeong-gyu ([email protected]) ※ 'Your tip becomes news' [KakaoTalk] Search YTN and add channel [Phone] 02-398-8585 [E-mail] [email protected] ▶ Original article: https://www.ytn.co.kr/_ln/0104_202410... ▶ Tip: https://mj.ytn.co.kr/mj/mj_write.php ▣ Subscribe to YTN YouTube channel: http://goo.gl/Ytb5SZ ⓒ YTN Unauthorized reproduction, redistribution, and use of AI data are prohibited.