China’s regulators pledged to boost efforts to stabilize the housing and equity markets, as well as conduct more effective fiscal policies, in the wake of a meeting of top leaders that called for greater stimulus.
The government will promote the recovery of the property market through measures such as increasing demand and controlling the supply of land for new development, China News Service reported, citing Dong Jianguo, a vice minister at the housing ministry. He spoke at a conference on Saturday.
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