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Business > Foreign Business
Chinese cities adopt new policy
By Global Times
Sep 13, 2023 12:19 am

MORE than 20 Chinese cities have adopted a new national policy issued in August that further relaxed the criteria for first-time home buyers, with local authorities announcing stimulus moves such as scrapping purchase restrictions to further spur sales.

The latest moves came on Monday from Qingdao and Jinan in East China's Shandong province, where local housing authorities lifted purchase restrictions and optimized trading for commercial housing.

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