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CHINA PRESS

China may further ease controls over the real estate sector to help achieve the 5.5% GDP target, set at the high end of the expected range, and requiring a more stable real estate development, Yicai.com said citing industry insiders. Whist the authorities insist on "houses are not for speculation", there will be more support for buying by new urban residents, who move to new cities for jobs or child education, Yicai said. 2022 may also see explosive growth in guaranteed rental housing to accommodate lower-income people such as youth housing, it said. The housing market may recover in the later period of Q2, Yicai said citing analysts.

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