China tries vainly to lift construction Hindenberg

China is still trying to fix property without really trying:

China will accelerate investment in key projects and boost domestic consumption to help stabilize economic growth amid renewed downward pressures, according to a cabinet meeting chaired by Premier Li Keqiang, China Central Television reported.

The State Council urged faster implementation of 102 key projects along with others under the nation’s 14th five-year plan and state-level blueprints, according to CCTV. Stabilizing growth should be emphasized, with measures remaining targeted and policies avoiding flooding the economy with liquidity.

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