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China pledges more efforts to boost economy amid rising pressure, real estate not in toolkit

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China’s top decision makers pledged more efforts to deal with increasing downward economic pressure, to maintain their pro-active fiscal policy and keep prudent monetary policy not too tight or too loose. They made it clear that China will not use the real estate sector to provide short-term stimulus to the economy, which is the first time they have stated the position in an official statement.

In a meeting of the 25-member politburo, the Communist Party’s . . .

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