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China’s top authority sends signal of real estate tightening


China will not use the real estate sector as a tool to provide short-term stimulus to the economy, said Chinese Vice Premier Han Zheng at a meeting on Friday, reiterating the policy stance that "housing is for living, not for speculating."

Han stressed efforts to implement the long-term management mechanism to promote the sound and healthy development of its real estate sector.

China will continue to implement city-based approach in real estate . . .

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