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Some local governments roll out measures to boost home sales as inventories climb

Slowing home transactions and climbing inventories in some cities prompt local governments to take measures to boost sales and support the housing market.

Harin city, capital of northeastern China's Heilongjiang province, announced 14 measures to "promote stable and healthy development of the real estate market," according a document released by the local government on Thursday.

The local government will encourage developers to sacrifice some profits to home buyers to accelerate home sales and, in . . .

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