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Policy Needed To Boost Demand: Expert

CHINA PRESS
MNI (BEIJING)

Officials should focus on boosting the confidence of private enterprises and introduce further policies to increase consumption, according to Yin Yanlin, deputy director at the Economic Committee of People's Political Consultative Conference. Yin said China needed to relax house purchase conditions and reduce down payment ratios, as the property sector's prolonged downturn will hold back the speed of economic recovery. For private investment, officials should relax market access for private investors and allow them to participate in major national projects. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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