China Allows Local Governments to Use Bonds to Buy Unsold Homes

(Bloomberg) -- China will allow local governments to issue bonds to buy unsold homes to support the ailing property sector, as it pushes to put a floor under an economic slowdown.Most Read from BloombergThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationSan Francisco to Shut 9% of Public Schools Amid Budget WoesChicago Marathon to Honor Kenyan Who Died After His World RecordChicago’s $1 Billion Budget Hole Exacerbated b