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Dec 8 4 tweets 2 min read
PBoC's Shanghai Unit, Shanghai municipal banking and insurance regulator hold meeting on financial support for stable and healthy development of real estate market.
#Shanghai #property
#Shanghai: Promoting stable, healthy development of #property market is of great significance to stability of financial development, macroeconomy. Financial institutions must adhere to principle of "houses are for living in, not for speculation."
#Shanghai: Property developers must have a deep understanding of new situations, actively change development models, and cooperate with local governments to do their best to guarantee delivery of buildings.
#property
#Shanghai asks financial institutions, commercial banks to step up efforts in supporting real estate finance.
#property

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More from @Sino_Market

Dec 9
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2)No more mass PCR tests in administrative districts, to cut the frequency of tests. To scrap test and Health Code rules for crossed-region citizens.
1/ Thread 🇨🇳
2/n #China's 10 measures
3)Allows symptomatic cases and patients with mild symptoms to conduct home quarantine. Allow some close contacts to conduct 5-day home quarantine.

4)To lift lockdowns in high-risk areas without new cases reported in the last five days.
3/n #China's 10 measures
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⚡China's Jan-Nov surplus (in USD terms) $802.04 billion
#Imports +2.0% y/y
#Exports +9.1% y/y
1/ thread #trade #import #export #economy 🇨🇳 🇺🇸
#China's Jan-Nov surplus (in yuan terms) 5.34 trillion yuan
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#Exports +11.9% y/y
2/ thread #trade #import #export #economy 🇨🇳 🇺🇸
China November trade balance(in yuan term) 494.33 bln yuan; Est. 486.0bln, Prev. 586.8bln;
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#Exports +0.9% y/y ; Est. +8.2%, Prev.+7.0%.
3/ thread #trade #import #export #economy 🇨🇳 🇺🇸
Read 7 tweets

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