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China Real Estate Takes Back Seat as Hopes Pinned on Consumption to Drive Recovery | Investing News

Shaniqua Juliano 2 years ago

By Lusha Zhang and Ryan Woo BEIJING (Reuters) – China is tapping the brakes on property prices and cutting the availability of mortgage loans to spur households to spend instead of repaying debt, as policymakers try to ignite private consumption and stimulate the pandemic-stricken economy. China’s household leverage ratio had […]

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