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CHINA PRESS: China's lending policy to real estate developers is unlikely to
change in the short term after the PBOC's monetary policy report said there
would no additional stimulus for the sector. In reporting on the PBOC's Q3
monetary policy statement, Securities Daily said that developers will now be
more cautious about financing for the rest of this year. Citing Yan Yuejin, the
director of the E-House Real Estate Research Institute, the Daily's report said
developers were facing capital and inventory pressures amid weaker-than-expected