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Chinese developers went on shopping spree amid housing market recovery, monetary easing

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Chinese real estate developers went on a shopping spree and stepped up land acquisitions in the past couple of months, taking advantage of the loose monetary condition as the authority eases policy to shore up the coronavirus-hit economy.

Homebuilders' land purchases almost stalled in the first quarter of the year due to the coronavirus shutdowns, but it's followed by a strong rebound in the second quarter.

In the period of April - June, the . . .

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