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CHINA PRESS: Further Support For Stabilising Housing Market Necessary

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Local and central governments should cooperate to introduce additional support measures to stabilise the housing market further as early as possible, Securities Times reported, citing analysts. Authorities need to keep lowering housing mortgage interest rates, taxes and fees, said Qin Hong, senior research fellow at the National Academy of Development and Strategy, Renmin University. The central government should assist local officials to recycle vacant land from property developers using local special bonds, Qin said.

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Local and central governments should cooperate to introduce additional support measures to stabilise the housing market further as early as possible, Securities Times reported, citing analysts. Authorities need to keep lowering housing mortgage interest rates, taxes and fees, said Qin Hong, senior research fellow at the National Academy of Development and Strategy, Renmin University. The central government should assist local officials to recycle vacant land from property developers using local special bonds, Qin said.