China pledges help for renters, among other moves to prop up its ailing property market

China has announced measures to support the ailing property market, aiming to increase the supply of affordable housing and boost demand. The move comes just weeks before the annual meeting of the national congress, where the ruling Communist Party will showcase its leadership. The real estate industry, which accounts for nearly a third of the country's economic activity, has been impacted by a crackdown on excessive borrowing.
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