欧博APP:Chinese property stocks rally on pledge of state support

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Chinese property stocks rally after Premier Li Keqiang pledges to support developers at a cabinet meeting. – EPA pic, July 25, 2022.

BATTERED Chinese property stocks rallied today after Premier Li Keqiang pledged to support developers and hinted at possible state funding at a cabinet meeting. 

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Debt-laden developers have come under increasing pressure after the government squeezed funding sources and demand cooled owing to economic uncertainties caused by the pandemic.

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