24.10.2008 - China property rescue package gets muted reception
From AP: China's latest effort to stave off a crash landing for the economy and revive its weakening housing market failed to stir much enthusiasm Thursday among investors spooked by a raft of bad news at home and abroad. Moving ahead on pledges of new measures to help counter the slowdown, authorities announced late Wednesday a reduction in required down payments for home purchases, a waiver on stamp taxes for real estate deals and plans to step up construction of affordable housing..... Full Article: Source
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