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China said to be readying moves to counter housing market slump

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China's new-home prices posted a record year-on-year decline in January, according to a Bloomberg Intelligence analysis.

Beijing

CHINA is preparing measures to counter a housing market slump and will roll them out if the economy needs support, people with knowledge of the matter said on Wednesday.

The government could reduce downpayment requirements for second-home purchases, the people said,

sentifi.com

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