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H2 Retail Sales Expected To Pick Up

CHINA PRESS

China’s retail sales growth will pick up in H2 as government policy to replace consumer goods takes effect, according to a Chinese Academy of Social Sciences report. Manufacturing investment will remain strong, but local government financial tightness will drag on infrastructure investment. Authorities should support real estate by issuing treasury bonds for local governments to purchase housing and allow first-tier cities to cancel purchase and loan restrictions. Provincial governments can improve developer financing by directly investing in top firms, the report added. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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