Mainland China may recalibrate tightening measures that have been in place in first- and second-tier cities since 2016 after Monday’s Politburo meeting chaired by President Xi Jinping struck a more supportive tone towards the struggling sector.
Shanghai, China’s commercial and financial capital, is set to relax a two-month long citywide lockdown on Wednesday. The city will do so in a phased manner, with the goal of returning to normal by the end of June.
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