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China Economy

New apartment buildings are seen under construction in Yichang, Hubei province. China plans to roll out incentives for people to rent homes to reduce the country’s stock of unsold flats. Photo: Reuters

China vows to boost private investment, house leasing

The State Council on Wednesday publicly acknowledged that growth in private investment was on the wane, vowing to buoy the key sector of the economy.

It also said it would roll out incentives for people to rent homes, a move that could reduce the country’s stock of unsold flats.

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