"It seems the government has recognised the importance of policy change in this sector to stabilise the economy."Īnalysts expect China to ease home purchase restrictions in some cities.Īmid the mounting local debt repayment burden, China will effectively resolve local government debt risks and formulate a basket of plans to resolve local debt issues, Xinhua said.Ĭhina will improve the development environment for private firms and stabilise trade and foreign investment, Xinhua said.Ĭhina last week also released guidelines to improve the private sector and vowed to make it "bigger, better and stronger.Australian Defence Minister Richard Marles announced the project after meetings in Brisbane with US Secretary of State Antony Blinken and Pentagon chief Lloyd Austin. ![]() "This is an interesting signal as the property sector downturn is arguably the key challenge the economy faces now," said Zhiwei Zhang, chief economist at Pinpoint Asset Management. The government will boost demand for autos, electronics and household products and promote tourism, Xinhua added.Ĭhina will adjust and optimise property policies in a timely manner, in response to "significant changes" in the supply and demand relationship in the property market, it said. ![]() DOMESTIC DEMANDĬhina will actively expand domestic demand, boosting residents' incomes to enable consumption to drive economic growth, while speeding up local special bond issuance to spur investment, Xinhua said. Last week, the central bank kept its lending benchmarks steady, despite signs of a faltering economic recovery.
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