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


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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