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China Should Increase Financing Support For Real Estate, Consumption

CHINA PRESS
MNI (Singapore)

China should increase financial support to ensure the delivery of housing projects, meet reasonable financing needs of property developers to reduce their credit-default risks and ease residents’ concerns over purchasing off-plan properties, said the Standing Committee of the National People’s Congress after reviewing the work report made by Pan Gongsheng, governor at the People’s Bank of China. It is necessary to keep optimising home-purchase policies and further promote financing institutions to lower actual lending rates and extend credit to automobiles, home furnishings and electronic products. (Source: NPC website)

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