China’s central bank said it will support setting up a new model of real estate development to help stabilize the crisis-hit sector, according to a statement on Thursday.
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China central bank vows measures to support real estate sector
BEIJING (Reuters) – China’s central bank said it will support setting up a new model of real estate development to help stabilize the crisis-hit sector, according to a statement on Thursday. It will also improve real estate financial management, it said during a meeting to discuss this year’s macro-prudential policy. (Reporting by Beijing Newsroom; Editing by Bernadette Baum)
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