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China's Stimulus Announcement Missing a Key Phrase on RE Crackdown

President Xi Jinping famously said "Houses are for living in and not for speculation" in October 2017, which kicked off measures to cool a red-hot property market. ....

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The most interesting part of China's stimulus announcement was the omission of a key phrase that ignited the 2020 crackdown on the real-estate sector

President Xi Jinping famously said "Houses are for living in and not for speculation" in October 2017, which kicked off measures to cool a red-hot property market. ....

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