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China To Consider New Measures To Support Real Estate - Vice Premier

CHINA PRESS
MNI (Singapore)

China is considering new measures to support the real estate sector, aiming to improve the balance sheets of the industry and boost market expectations and confidence, Xinhua News Agency reported late Thursday citing Vice Premier Liu He. Real estate is a pillar industry of the national economy, and there is enough demand to support its stable development as China’s urbanisation is still in a relatively rapid development stage, Liu was cited as saying. Liu also said he’s very confident that the Chinese economy will improve next year.

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