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Policies that monetise shantytown.......>

CHINA PRESS
CHINA PRESS: Policies that monetise shantytown renovation should gradually fade
out as real estate de-stocking has been completed, said Yin Zhongli, director of
real estate research in the Chinese Academy of Social Science, in a commentary
in 21st Century Business Herald.
  - Subsidies given to shantytown residents stimulated the real estate market
when it was implemented in 2014. However, the excessive growth of housing prices
in third- and fourth-tier cities reveals the negative impact of the de-stocking
policy, Yin said. Increasing land reserves outweigh the outflow of population in
third- and fourth-tier cities, Yin added.

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