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China unveils 'historic' steps to stabilise crisis-hit property sector

After waves of support measures over the past two years failed to put a floor under the property sector, China's housing ministry said local governments can instruct state-owned firms to buy 'some' homes at 'reasonable' prices.
Last Updated : 17 May 2024, 11:20 IST
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Published 17 May 2024, 11:20 IST

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