Beijing is making its biggest move yet to patch up the property crisis threatening to blow up China's economy

• China is drafting a "white list" of property developers for bank financing, per Bloomberg.
• Beijing may let banks offer unsecured short-term loans to the 50 developers on the list.
• China's massive property sector is in a slump, adding to the country's post-COVID economic woes.

China's finally starting to do something about the three-year property crisis that's been weighing on its COVID-scarred economy.

Beijing is urging banks to boost financing for property developers, media outlets reported this week.