China has announced it will expand the amount of financing available for housing projects on a “white list” to 4 trillion yuan ($562 billion), seeking to reverse a slump in the property industry

China said it will expand a program to support “white list” property projects to 4 trillion yuan ($562 billion) from about 2.23 trillion yuan already deployed, adding more ammunition to halt the sector’s decline.

China plans to almost double credit support for “whitelist” housing projects to Rmb4tn ($562bn) as part of official efforts to reinvigorate its property sector and turn around the economy. The whitelist was introduced in January and includes projects and developers eligible to receive further financing from local and state-owned banks to help them complete unfinished projects.

China will never commit to renouncing the use of force over Taiwan, the government in Beijing said on Wednesday after another bout of war games and a visit by Chinese President Xi Jinping to the scene of a famous defeat for Taiwanese forces.

Chinese leader Xi Jinping visited the province directly across from Taiwan after the military he leads carried out more major exercises intended to ramp up pressure on the government in Taipei.

Intel's China unit said on Thursday it has always prioritised product safety and quality, after an influential Chinese cybersecurity association called for a security review of the U.S. chipmaker's products sold in China.

A Chinese agency backed by the country’s internet overseer is pushing for an investigation into Intel Corp. products sold domestically, warning of security flaws and high failure rates.

Intel products sold in China should be subject to a security review, the Cybersecurity Association of China said on Wednesday, alleging the U.S. chipmaker has "constantly harmed" the country's national security and interests.