China’s Cabinet: Will publish detailed policy steps in early September

Dhwani Mehta FXStreet

China’s state media quoted the cabinet meeting as saying that Beijing will publish detailed steps for a set of newly-announced policy measures in early September.

Key takeaways

China will guide commercial banks to provide medium- and long-term loans for key projects and equipment upgrading.

To prop up the weak property market, China will also support rigid housing demand.

"Local governments should have 'one policy for one city' to make good use of policy tools" and flexibly use the special loans for home delivery.

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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