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Policy Support For Property Developers Is Not A Bailout - Yicai

CHINA PRESS
MNI (Singapore)

Recent policies to improve property developers’ financing environment cannot be considered as a rescue for the industry, as these measures aim to provide liquidity relief rather than prevent a balance sheet recession, Yicai.com said in an editorial. It is necessary to adhere to the idea that “housing is for living not speculation”, avoid misunderstanding of favorable policies, and guide investors to prepare for corresponding risks, the newspaper said.

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