Shanghai Mayor Ying Yong said on Thursday that he will keep a close eye on the city’s housing market. Photo: Reuters

Shanghai mayor Ying Yong rules out easing control on home prices even as economy slows down

  • Controlling prices of land and homes is not a makeshift policy, mayor Ying Yong says after the annual session of Shanghai People’s Congress
Topic |   China property

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Shanghai Mayor Ying Yong said on Thursday that he will keep a close eye on the city’s housing market. Photo: Reuters
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Shanghai is keen to transform itself into a global financial centre on par with New York and London by 2020. Photo: Bloomberg

Shanghai promises more open economy, tax cuts amid expectations of slowest economic growth since 1990

  • City expects GDP to expand at between 6 per cent and 6.5 per cent in 2019
  • Difficulties loom ahead, Mayor Ying Yong tells local congress
Topic |   China economy

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Shanghai is keen to transform itself into a global financial centre on par with New York and London by 2020. Photo: Bloomberg
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