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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.
With recent economic data overwhelmingly gloomy, policymakers can be expected to try and nudge the economy back on track, through both monetary and fiscal tools. Any support measures are also likely to fall in line with Chinese leaders’ push for high-quality development.