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Government's affordable home drive protects mainland China jobs

2014-09-15 01:34:56| Real Estate - Topix.net

The downturn in the private real estate market continues to weigh on the mainland's economic growth, but hundreds of billions of yuan being invested in government-backed affordable homes is keeping the job market afloat, giving policymakers some wiggle room to push ahead with crucial reforms. Protecting jobs is at the core of a slew of government efforts in recent months to boost economic growth.

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