China’s State Council on Wednesday released a 19-point plan to revive the faltering Chinese economy.
last week that China’s July data fell below expectations on everything from manufacturing to retail sales, while unemployment is soaring. The heatwave and drought currently causing a massive power crisis and shutting down factories across China willin a few weeks, but there aren’t many other signs of a “solid rebound on the horizon.”
According to [Shanghai University professor Xi Junyang], the goal of letting cities set their own loan rules to support housing demand shows the inclination of policymakers to stimulate economic growth through support for the property market.
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