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China admits economy facing new ‘problems’, vows to fix property sector

By Inquirer - 2 months ago
BEIJING — China’s top leaders, including President Xi Jinping, admitted Thursday that the economy was facing new “problems” and vowed to resolve a long-running housing sector crisis, state media said. Beijing this week unveiled a raft of new measures aimed at boosting its ailing economy, which the leadership aims to grow by five percent in

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