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Oversupply in China's property market partly reason for relaxation of foreign investment rules

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The oversupply situation in China's property market is partly the reason for the relaxation of foreign investment regulations in the property market, a commerce ministry spokesman said on Wednesday.

[BEIJING] The oversupply situation in China's property market is partly the reason for the relaxation of foreign investment regulations in the property market, a commerce ministry spokesman said on Wednesday.

Last month, China relaxed its property investment rules for foreigners across the country, providing a fillip to the real estate market and stumbling economy.

REUTERS

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