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China’s high-level financial meeting signaled support for property developers and resolving local government debt problems. Policymakers emphasized treating private and state-owned property developers equally and meeting their reasonable funding demands. They also plan to establish a long-term effective mechanism to resolve local government debt. The government is focused on preventing the emergence of new risks and maintaining regulatory pressure. Chinese President Xi Jinping and Premier Li Qiang made speeches at the conference, highlighting the increased oversight of finance by the ruling Chinese Communist Party. The property market is closely linked to local government finances, which have been strained due to COVID-19 measures.

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